Dubai Remains Leading Crypto Hub with 50th License in July, while India and Others Play Catch Up
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Dubai issued its 50th VASP license to Tribe Tokenisation FZE, reinforcing its lead over Hong Kong and Singapore and accelerating adoption of tokenization for real-world assets such as real estate, bonds, commodities and artwork. Taiwan passed its first crypto law requiring strict VASP licensing and India backed regulated tokenization while urging banks to avoid direct crypto exposure, signaling regulatory divergence that will shape DeFi, CEX risk, fundraising and market security.
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- Dubai’s VARA issued 50th VASP license, extending its lead over Hong Kong and Singapore.
- Taiwan introduced its first crypto law, requiring licensing for VASPs and strict approval.
- India backs regulated tokenization while urging banks to avoid direct exposure to crypto.
Dubai has widened its lead in Asia’s regulated crypto market after issuing its 50th Virtual Asset Service Provider (VASP) license, establishing its position as one of the most active jurisdictions for licensed digital asset businesses.
The latest approval went to Tribe Tokenisation FZE, a platform focused on tokenizing real-world assets such as real estate, bonds, commodities, and artwork. The milestone comes as several Asian economies move in different directions, with some expanding crypto regulation while others continue to tighten restrictions.
Dubai Extends Its Lead in Crypto Licensing
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