
Dubai vs Singapore vs Switzerland: The Crypto Licensing Race 2026
VARA Dubai (Matthew White CEO, Binance/OKX/Bybit/Crypto.com licensees) vs MAS Singapore (Chia Der Jiun MD, Coinbase SG/DBS DDEx) vs FINMA Switzerland (AMINA née SEBA, Sygnum Bank — full bank charters) vs Hong Kong SFC (OSL, HashKey, 2024 spot ETF approvals). The 2026 crypto licensing race.









