It has come to VARA’s attention that the company may be advertising the provision of Virtual Asset activities in Dubai without the necessary regulatory approvals and misrepresenting its licensing status. As a result, the company has been instructed to take down its website or to include a clear disclaimer that it is not authorised to provide any Virtual Asset services.
Key Points for Investors and Consumers:
Any promotion, advertising, or solicitation related to Vesta Investments has not been approved by VARA, and the company is therefore not allowed to offer, promote, or market any Virtual Asset products or services in Dubai or to its residents.
VARA advises consumers and investors in the UAE to avoid engaging with Vesta Investments for the purpose of Virtual Asset services, and to exercise caution when considering interactions with unregulated entities. Before engaging any firm, verify its status on VARA’s Public Register of licensed/approved VASPs.
If you are aware of any entities engaging in any unlicensed Virtual Asset activity, please notify VARA at [email protected].
VARA is the designated authority responsible for regulating, supervising, and monitoring Virtual Asset activities in the Emirate of Dubai (excluding the Dubai International Financial Centre). VARA remains steadfast in its commitment to protect consumers and investors, and to preserve market integrity.