Recently, Dubai Commercial Bank, located in the United Arab Emirates, announced the launch of Virtual Asset Service Provider (VASP) dedicated accounts. These accounts are designed to manage client funds while complying with regulations set by the Central Bank of the UAE and the Dubai Virtual Assets Regulatory Authority (VARA). This initiative reflects the bank's dedication to fostering the growth of the digital economy. According to the bank's CEO, Bernd van Linder, the VASP dedicated accounts are consistent with the bank's core banking services, not only supporting the bank's strategy in the digital sector but also demonstrating its emphasis on maintaining compliance.