News & Announcements

Latest news on VARA

Stay up to date with our latest news and developments


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24 Aug 2023

VARA Releases Staking from Custody Services Rules

VARA has published a revised Custody Services Rulebook, permitting Staking from Custody Services in accordance with the prescribed requirements of the amended rulebook.
10 Aug 2023

VARA and DET Join Forces to Establish Best-in-class Market Assurance Standards for Virtual Assets

Memorandum of Understanding outlines collaboration framework to institutionalise an integrated city Model for Consumer Protection and Responsible VA Operations.
18 Jul 2023

SCA-VARA to ensure Unified VA Sector Register of Regulated VASPs for the UAE

The Securities and Commodities Authority (SCA) announced that it had received licensing requests and inquiries from companies intending to provide Virtual Asset services following the issuance of the necessary regulations.
22 Jun 2023

VARA Publishes Clarification and Further Information on Fees

The Dubai Virtual Assets Regulatory Authority [VARA] announced earlier today a schedule of fees covering the issuance of NOC, amendments or withdrawal of licence applications, and the submission of whitepapers.
15 Jun 2023

OKX Middle East Receives MVP Preparatory Licence From VARA in Dubai

UAE to serve as strategic global and regional business hub, OKX to expand to 30 staff
29 May 2023

Regulated Virtual Assets Activities are now offered at DET branches

The Virtual Assets Regulatory Authority (VARA), in collaboration with the Department of Economy and Tourism (DET), hereby notify you that the Regulated Virtual Assets Activities, which were issued on 7 February 2023, are now offered at DET branches.
4 May 2023

Web3 launchpad Enjinstarter MENA granted Initial Approval by the Dubai’s Virtual Assets Regulatory Authority

Web3 launchpad and advisory company Enjinstarter MENA announced today that it has been granted initial approval by Dubai’s Virtual Assets Regulatory Authority (VARA).
1 May 2023

BitOasis becomes the first Broker-Dealer to secure MVP Operational Licence from Dubai’s Virtual Asset Regulatory Authority

BitOasis, MENA’s leading regional cryptocurrency trading platform has secured an MVP Operational Licence from Dubai’s VARA, completing the final step in the MVP process.
14 Apr 2023

Dubai's DET and Free Zone Council activate applications for legacy virtual asset operators to become fully regulated under VARA

The Virtual Assets and Related Activities Regulations 2023, establishes clear requirements for the VA sector to be fully regulated under VARA in the Emirate of Dubai, including all businesses offering products and services associated with the sector.
20 Mar 2023 Secures MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, confirmed today that it has received its MVP Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA).