Soon, a unified framework to regulate virtual assets in UAE

FEDERAL FINANCIAL REGULATOR STRIKES DEAL WITH DUBAI’S CRYPTO WATCHDOG

- BY JUSTIN VARGHESE

In a milestone move, the UAE is moving to unify its regulatory approach to the virtual asset sector under a new agreement between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA).

The deal introduces a shared framework for licensing, supervision, and legislative coordination across the country.

This marks a significant step in building a nationwide regulatory structure for digital assets, aiming to reduce duplication and ensure consistency in rules and oversight across different emirates.

One framework, one market