VARA Virtual Assets Regulations

VARA Company Rulebook — General Requirements for Licensed VA Activities

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.

VARA Compulsory Rulebook — Broker-Dealer Services

This VARA (Dubai Virtual Assets Regulatory Authority) document outlines penalties and enforcement measures for violations of marketing regulations related to virtual assets. It details actions VARA can take, including warnings, fines, suspension of marketing activities, license revocation, and public statements, for entities failing to comply with marketing and advertising rules.

VARA Compulsory Rulebook — Custody Services

This VARA rulebook outlines the regulatory framework for custody services related to virtual assets in Dubai, UAE. It establishes requirements for board oversight, policies, procedures, public disclosures, and the storage and custody of virtual assets. The rulebook also covers staking from custody services and collateral wallet services, ensuring client protection and market integrity.

VARA Compulsory Rulebook — Exchange Services

This VARA rulebook outlines the regulatory requirements for Virtual Asset Exchange Services in Dubai, UAE. It establishes rules related to board composition, policies, procedures, public disclosures, trading venue participants, market surveillance, business continuity, settlement, and margin trading. The rulebook aims to ensure fair and transparent operations of virtual asset exchanges.

VARA Compulsory Rulebook — Lending and Borrowing Services

This document, issued by the Dubai Virtual Assets Regulatory Authority (VARA), outlines the rules for Virtual Asset Service Providers (VASPs) licensed to conduct Lending and Borrowing Services in Dubai. It supplements the Virtual Assets and Related Activities Regulations 2023 and other VARA rulebooks, establishing specific requirements for these services.

VARA Compulsory Rulebook — Management and Investment Services

This document, issued by Dubai's Virtual Assets Regulatory Authority (VARA), outlines the rules for Virtual Asset (VA) Transfer and Settlement Services. It applies to all Virtual Asset Service Providers (VASPs) licensed by VARA to conduct these services in or from Dubai. The rulebook supplements existing regulations and other VARA rulebooks applicable to all VASPs.

VARA Compulsory Rulebook — Payment and Remittance Services

Administrative Resolution No. (01) of 2023 establishes the VARA Grievance Committee to address grievances from parties in the virtual asset sector. The committee will review actions, penalties, or sanctions imposed under applicable legislation and related to VARA inspections. The resolution outlines the committee's formation, membership, meeting procedures, and decision-making processes.

VARA Compulsory Rulebook — VA Issuance Activities

Administrative Order 01/2022, issued by the Dubai Virtual Assets Regulatory Authority (VARA), regulates the marketing, advertising, and promotion of virtual assets and related activities within the Emirate of Dubai, excluding the Dubai International Financial Centre. It aims to provide a clear framework for responsible advertising and promotion of virtual assets.

VARA Marketing Regulations 2024

The VARA Marketing Regulations 2024 outlines the rules for marketing virtual assets and related activities within the Emirate of Dubai. Issued by the Virtual Assets Regulatory Authority (VARA), the regulations aim to regulate Virtual Assets and Virtual Asset Service Providers (VASPs) and promote Dubai as a regional hub for virtual assets.

VARA Virtual Assets and Related Activities Regulations 2023

Cabinet Decision No. 112/2022 delegates certain competencies related to the regulation of virtual assets to the Dubai Virtual Assets Regulatory Authority (VARA). VARA is authorized to license, supervise, and control virtual asset activities and service providers within the Emirate of Dubai and its free zones, ensuring compliance with relevant legislation and international requirements.