The Dubai Virtual Assets Regulatory Authority (VARA) has recently issued new regulations on virtual assets and related activities as of February 7th, 2023.
These regulations aim to provide a clear and comprehensive framework for the governance of virtual assets in Dubai. This step marks a significant milestone in the development of the virtual assets industry in the region, and reflects Dubai's commitment to becoming a leading hub for innovation and technology. The regulations aim to promote the sector's growth while ensuring the protection of consumers and investors and maintaining financial stability in the market.
Our team is thoroughly analyzing the recently released virtual assets regulations by the Dubai Virtual Assets Regulatory Authority (VARA) as of February 7th, 2023. A comprehensive analysis of the regulation will be disseminated shortly. Stay tuned for more updates on this topic.
