The UAE's comprehensive framework for virtual assets and cryptocurrencies including VARA (Dubai), FSRA (ADGM), and federal regulations under the CBUAE and SCA.
Ask GCC LexAI about Virtual Assets →The Virtual Assets Regulatory Authority (VARA) is Dubai's dedicated regulator for virtual assets. It issues licences for virtual asset service providers (VASPs) including exchanges, brokers, and custodians operating in Dubai (outside DIFC).
The Financial Services Regulatory Authority (FSRA) in ADGM has a comprehensive Virtual Asset Framework that covers digital securities, digital commodities, and virtual asset exchanges operating within Abu Dhabi Global Market.
Yes, but they must be licensed. In Dubai (mainland), VARA licences apply. In DIFC, DFSA rules apply. In ADGM, FSRA rules apply. Federal-level activity may also require SCA registration.