Just in: According to an October 22 announcement by a certain exchange, its Dubai-based entity, [exchange] Fintech FZE, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), authorizing it to provide spot trading in crypto assets.
Overall, the news is fairly neutral. $BTC is currently at 82740.04.
The news itself is just the starting point; the price reaction is what matters. How do you think the big players will respond?