Laser Digital, a digital asset subsidiary of Japan’s investment bank Nomura, has licensed the first company under Dubai’s Virtual Asset Regulatory Authority over-the-counter (OTC) Crypto options.
“Limited License” will allow laser digital to provide OTC Crypto option to institutional customers
OTC desk institutions allow large volume to trade, these desks are usually used by hedge funds, asset managers, trading firms and other high-vast and institutional customers.
The company has a laser digital position to capitalize the company’s plan to offer a tool for heading, yield generation and voltality management, while regulators assess market readiness and risk control before extensive expansion.
Connected: How to use cryptocurrency to buy a house in Dubai (legally and safe)
The global regulation of OTC Crypto options is still in the early stages
A small but growing number of courts begins to regulate the OTC Crypto option desk, Dubai and the United Kingdom has led to this way.
In December 2023, the UK-based pension giant M&G investment invented inventions in the GFO-X $ 20 million, the country’s first regulated bitcoin derivative exchange.
Funding was part of the $ 30 million series B round, aimed at Bitcoin Index futures and options for the Finance Conduct Authority (FCA) -Regulated, starting the stage.
https://www.youtube.com/watch?v=fykm3ka_lzu
Across the European Union, Crypto derivatives fall under the rules such as Mifid II and Emi, which do reporting and clear reviews. However, most of the member states have so far introduced crypto-specific OTC licensing.
In the United States, CFTC allows some institutional trade of crypto derivatives under existing laws, but there is no dedicated licensing framework for the OTC Crypto option desk.
Dubai rolled out its compressed crypto regulator Framework in early 2023, by the contest, which included exchanges, custodians, breaker-dealers, and tokeers in the rules.
Connected: Why Crypto millionaires are going to UAE (these 5 reasons explain everything)
UAE expands derivative ambitions with push in digital assets
The United Arab Emirates Derivatives Market is smaller than the US, but recent development is the point for stable development and diversification. The market had a price of about 167 million dollars in 2024, with an estimated annual growth rate of 3.7% via 2031.
Traditional platforms such as ADS such as Dubai Gold and Commodities Exchange (DGCX) and OTC providers have increased the commodities and FX markets of the region. But the UAE is now making its shape wider to include digital assets and instant financial products.
While the US still dominates global derivatives through exchanges such as CME and CBOE, it is excluding a niche by offering clear regulation for emerging assets such as the UAE Crypto.
Asia Express: ‘Chinese Micostrate’ Meetu sells all its bitcoins and atheriums
