regulation

VARA Company Rulebook — General Requirements for Licensed VA Activities

Issuing bodyVARA
CountryUAE
RegionADGM
virtual assetsvirtual asset platformsregulation

The VARA Company Rulebook outlines general requirements for licensed Virtual Asset (VA) activities in the Emirate of Dubai, UAE, as regulated by the Dubai Virtual Assets Regulatory Authority (VARA). It is based on Law No. (4) of 2022, which regulates virtual assets within Dubai and defines key terms like Virtual Assets, Virtual Tokens, and Virtual Asset Platforms.

Key requirements
  • Compliance with Law No. (4) of 2022 Regulating Virtual Assets in the Emirate of Dubai
  • Adherence to VARA's determinations regarding digital representations of value
  • Operation of Virtual Asset Platforms must be managed by a Virtual Asset Service Provider
Applies to: Virtual Asset Service Providers operating in the Emirate of Dubai
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