Dubai's regulator for virtual assets, set up by Law No. (4) of 2022 as a public corporation affiliated with the DWTC Authority.
What they do
VARA issues permits for virtual asset activities across Dubai's free zones and mainland, excluding the DIFC, and publishes the Virtual Assets and Related Activities Regulations 2023, rulebooks, regulatory notices and VASP circulars. It also publishes enforcement actions, including cease-and-desist orders and financial penalties against licensed and unlicensed firms.
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