TRAVERSED THE HALFWAY

All Companies Operating In Dubai

All companies operating in Dubai must only obtain a license from the Dubai Virtual Assets Regulatory Authority (VARA), which will inform the SCA to have a unified

ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING

The Securities and Commodities Authority (SCA) receives

Vara Regulations Set Out A

Empowering innovation through responsible regulation of the

VARA Regulations set out a comprehensive Virtual Asset framework. To apply for a VARA licence all applicants follow a two-step process. VARA publishes a list of licensed Virtual Asset

Multiple regulatory and supervisory agencies comprise the UAE’s AML/CFT framework for virtual asset service providers (“VASPs”), including: the UAE Securities and Commodities Authority

The Sca Has Already Received

Cabinet Resolution Regulating Virtual Assets and the Related

The SCA has already received license requests and inquiries from companies wishing to provide Virtual Asset services and it has provided them the necessary forms and

Regulatory Framework for Virtual Asset Businesses in

Local Licensing Authorities

SCA receives applications for licensing companies intending to

Local Licensing Authorities: The local licensing authority vested with the authority to regulate the virtual assets (VAs) in the emirate concerned. Free Zones [FZs]: Any free zone established or

The UAE is preparing to issue federal licenses for virtual asset service providers (VASP’s) by the end of the first quarter in a bid to attract the world’s largest crypto

UAE to Issue Federal Licenses for Crypto providers - Watcher Guru