During a recent meeting, Sheikh Maktoum reviewed Dubai's key achievements in the financial sector, including the Dubai Financial Market and the Dubai Virtual Assets Regulatory Authority, highlighting Dubai's leadership in future economic sectors.

He announced the approval of Dubai's new Financial Sector Strategy, emphasizing transformative projects aimed at boosting the city's economy.

Dubai has become the world's largest licensed market for virtual assets, with transactions surpassing Dh2.5 trillion since January 2025, marking a major milestone on the third anniversary of the Dubai Virtual Assets Regulatory Authority (VARA).

This achievement underscores Dubai's proactive approach to establishing itself as a global hub for digital and virtual financial activities.

The rapid growth in virtual assets reflects Dubai’s strategic focus on developing a vibrant digital economy.

Sheikh Mohammed bin Rashid Al Maktoum expressed confidence in Dubai’s economic future, emphasizing the strategic importance of developing the virtual assets market.

The leadership reaffirmed their commitment to advancing Dubai’s financial ecosystem and maintaining its status as a global hub for emerging economic sectors.

Sheikh Mohammed highlighted that the virtual assets sector has significantly contributed to Dubai’s economy within just three years.

He praised Sheikh Maktoum’s efforts in adding this new economic sector and expressed confidence in the future of Dubai’s economy.

The growth and regulation of virtual assets in Dubai were facilitated by the establishment of the Dubai Virtual Assets Regulatory Authority three years ago, overseen by Sheikh Maktoum bin Mohammed.

The authority licenses over 40 virtual asset service providers and monitors trading volumes, demonstrating Dubai’s rapid sector growth.

Sheikh Maktoum credited Sheikh Mohammed bin Rashid Al Maktoum for issuing the first law regulating virtual assets three years ago, laying the foundation for Dubai’s leadership in this sector.