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- Cryptocurrency exchange FTX has received a virtual asset license in Dubai, Bloomberg reported.
- The exchange also has plans to set up a regional headquarters in Dubai.
- The firm will offer “complex crypto-derivatives products with centralized counterparty clearing to institutional markets,” the report quoted FTX CEO Sam Bankman-Fried.
- The license comes a week after Dubai announced the creation of the Virtual Asset Regulatory Authority (VARA), which will be responsible for governing the crypto sector.