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Dubai's VARA Regulations explained

A concise, practical summary of the VARA Regulations for virtual asset issuers and service providers.

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2023

On 7 February 2023, Dubai's Virtual Assets Regulatory Authority (VARA) issued its long-awaited Virtual Assets and Related Activities Regulations. We've distilled the legislation, four compulsory rulebooks, seven activity-specific rulebooks and issuance rulebook into a concise, practical summary of the guidelines for virtual asset issuers and service providers.

If your virtual asset business is based in Dubai or interested in establishing a presence in the Emirate, here's what you need to know.