On December 12th, the Dubai Virtual Asset Regulatory Authority (VARA) granted a license to Enjinstarter's AYA platform, a climate-friendly Web3 company, to provide encrypted asset and investment services, but certain conditions must be met before the service begins. (Cointelegraph)

The Dubai Virtual Asset Regulatory Authority(VARA)has extended the final deadline for virtual asset service providers to apply for VARA registration, operate or provide service licenses in Dubai to November 17, 2023. VARA urges VASPs who have not yet submitted their applications, missed notifications from commercial licensing agencies, or submitted incomplete forms to proactively contact them to avoid unexpected regulatory consequences. The agency stated that more than 1,000 traditional companies have already submitted registration applications under Dubai's regulatory framework.