Defined Term
VARA — Virtual Assets Regulatory Authority
Government of Dubai standalone virtual-asset regulator established under Dubai Law No. 4 of 2022. Licenses virtual-asset businesses operating in or from Dubai mainland.
The Virtual Assets Regulatory Authority (VARA) was established by Dubai Law No. 4 of 2022 as the world's first dedicated jurisdiction-level virtual-asset regulator. It licenses every business carrying out a Virtual Asset Service in or from Dubai, excluding the financial free zones (DIFC and ADGM, which have their own regulators).
Licensable activities
VA Advisory, VA Broker-Dealer, VA Custody, VA Exchange, VA Lending and Borrowing, VA Management and Investment Services, VA Issuance (including stablecoins).