Dubai unveils new financial sector strategy, designating virtual assets as one of its core pillars

Jinse Finance reported, according to Cointelegraph, that Dubai has announced a new financial sector strategy, designating virtual assets as one of its core pillars. The goal is to increase the sector's contribution to the country's GDP to 3%, approximately 13 billion AED. So far this year, institutions regulated by the UAE Virtual Assets Regulatory Authority (VARA) have reached a cumulative trading volume of 2.5 trillion AED, with assets under management (AUM) rising to 9.6 billion AED.