DUBAI — Bitcoin crossed the historic $200,000 price threshold as signals emerged from multiple Gulf Cooperation Council sovereign entities that they are actively building strategic cryptocurrency reserves — a development that definitively marks the institutional legitimacy of digital assets.
Dubai’s Virtual Assets Regulatory Authority has positioned the emirate as the global hub for regulated crypto activity, with over 600 virtual asset firms now licenced to operate from the city — nearly double the figure from 18 months ago.
