As reported by BlockBeats on December 13, the Virtual Asset Regulatory Authority (VARA) in Dubai has conferred a virtual asset service provider (VASP) license to CoinMENA, a cryptocurrency asset service provider. CoinMENA is a subsidiary of CoinMENA BSC (c), a Bahrain-based entity that has already secured a license as a crypto asset service provider from the Central Bank of Bahrain (CBB). This development marks a significant stride in CoinMENA's expansion and regulatory compliance within the Middle East's digital assets market.