Dubai's Virtual Assets Regulatory Authority (VARA) released its 2023 rulebook, highlighting a regulatory framework for crypto.  Under the new guidelines, crypto companies must apply for a license in Dubai.  Dubai aims to become a crypto hub in the MENA region. Toward that end, VARA, the regulatory body in the region, announced new rules for the crypto industry.  Described as "the world's only independent and specialist regulator for Virtual Assets," VARA aims to offer regulatory clarity for companies and individuals looking to enter the crypto space.  The agency says the new rules are intended to attract crypto businesses, offer investor protection, and reduce illegal practices, among other things.