The Virtual Assets Regulatory Authority (VARA) is responsible for regulating and overseeing the provision, use, and exchange of virtual assets in and from the emirate of Dubai.
VARA Full Market Product 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 Service Providers (VASP) in the emirate of Dubai.
Leveraging expertise from global experts and organisations and collaborating with relevant local financial regulatory authorities, VARA is helping to mitigate risk and facilitate cross-border operations and innovation to enable safe market adoption and growth.
The sustained growth of virtual assets requires robust regulation built on the principles of economic sustainability, consumer protection and cross-border financial security. VARA’s role is to provide a world-leading regulatory framework to protect investors, maintain high levels of risk assurance and facilitate virtual asset innovation in the emirate of Dubai.
VARA plays a vital role in Dubai's digital economy, acting as a trusted regulatory authority for the virtual asset space. By establishing international standards for virtual assets, VARA helps to ensure that Dubai maintains and further strengthens its position as a global leader in the world of digital finance.
VARA is the world’s first, tailor-made Virtual Assets regime, and as such, its Full Market Product (FMP) Regulations are designed to specifically cater for the provision of permissible activities and services to customers and investors, in and from the emirate of Dubai.
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