According to @CoinMarketCap, Dubai’s VARA and Abu Dhabi’s ADGM have finalized and enforced complete crypto market frameworks, creating regulatory clarity for market participants (source: CoinMarketCap, Dec 25, 2025). The source reports that major exchanges, custody providers, and institutional funds have relocated or expanded operations in the UAE, indicating a shift of global crypto capital toward the region (source: CoinMarketCap, Dec 25, 2025). The source adds that while other jurisdictions politicized regulation, the UAE focused on building infrastructure to capture long-term industry migration rather than hyping prices (source: CoinMarketCap, Dec 25, 2025).