Dubai’s Virtual Asset Regulatory Authority (VARA) has granted approval to Japanese investment bank Nomura’s Laser Digital, the cryptocurrency division to operate a regulated over-the-counter (OTC) crypto desk. This is the first license granted by VARA, under its pilot framework, to offer crypto options trading to institutional clients. Nomura’s Laser Digital desk targets institutional investors like hedge funds, asset managers, and trading firms, providing tools for hedging, generating returns, and managing market volatility.  Dubai’s Crypto Revolution  Dubai is positioning itself as a hub for regulated crypto derivatives, introducing comprehensive crypto regulations in 2023.  Regulation covers exchanges, custodians, and token issuers and…