Nomura’s Crypto Arm Obtained an Operating License from Dubai’s VARA!

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Nomura’s crypto arm, Laser Digital Middle East FZE, has been granted a virtual asset service provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). The license allows the Dubai-based subsidiary to offer broker-dealer, virtual asset management, and investment services, as well as conduct trading and asset management operations such as over-the-counter (OTC) services, and a “range of digital asset investment products and solutions”. Dubai has gained recognition as a growing crypto ecosystem, with global attention drawn to its own virtual asset rules and regulatory body.