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This news has come at a time when some consultants speculated that Kremlin can use crypto to evade sanctions imposed by the West. “Dubai has made some optimistic announcements related to virtual assets by forming ‘Dubai Virtual Assets Regulatory Authority’ which is anticipated to spark buyers' curiosity within the days to come back. Dubai passed a digital assets legislation creating a legal framework for crypto belongings in the emirate of Dubai and established Dubai Virtual Asset Regulatory Authority . The VARA goals to protect buyers, guarantee transparency and design international requirements for governance. The new crypto law will require Dubai residents to register with VARA prior to partaking in crypto-related actions. Cryptocurrencies Appear To Stay A Small Window For Russians In a first-of-its-kind govt order issued on March 9, US President Joe Biden instructed federal agencies to coordinate their efforts in creating cryptocurrency guidelines. Apple co-founder Steve W