Virtual Assets Regulatory Authority (VARA) @varadubai Twitter profile

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Virtual Assets Regulatory Authority (VARA)

@varadubai

15 hours

Entities looking to engage in Lending and Borrowing Services of Virtual Assets need a VARA Licence. Lending and Borrowing services refer to borrowing or lending Virtual Assets, wherein the Borrower returns the VA to the Lender after a stipulated time frame #VARA #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

4 days

VARA’s regulations provide essential guidance for VASP activities facilitated within Dubai. Detailed information about the activity-based framework is outlined in VARA's Rulebooks. #VARA #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

6 days

VA Regulatory Frameworks designed to assure cross-border interoperability, and enable seamless exchange of value, are structural pre-requisites to scale an inclusive and secure future economy, as discussed by Deepa Raja Carbon, MD and Vice Chair of VARA. #VARA #DubaiEconomy

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Virtual Assets Regulatory Authority (VARA)

@varadubai

8 days

VASPs engaging in VA Exchange Services need a VARA Licence prior to commencing such services. VA Exchange services refer to conducting an exchange, trade or conversion of one or more Virtual Assets. #VARA #VirtualAssets #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

11 days

Entities wanting to issue Category 2 VAs must obtain prior approval from VARA before commencing such activities in the Emirate. Approval will be based on the nature of the business and the activities for which the VA will be used. #VARA #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

13 days

VARA classifies investors under the following categories: - Institutional Investors - Qualified Investors - Retail Investors Learn more about each investor category through the VARA rulebook. #VARA #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

15 days

Entities engaging in ‘Custody Services' of VA must obtain a licence from VARA before commencing services. ‘Custody Services' refers to protecting and guarding Virtual Assets for, or on behalf of, another entity and acting only on instruction provided by such entity. #VARA

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Virtual Assets Regulatory Authority (VARA)

@varadubai

18 days

Entities that possess NFT Marketplace Commercial Licences within Free Zones, must obtain a VA Exchange Licence and/or a VA Broker-Dealer Licence from VARA, depending on the exact activities of the marketplace. #DubaiRegulations #VARA

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Virtual Assets Regulatory Authority (VARA)

@varadubai

22 days

VARA’s activity-based regulations span the current spectrum of available VA services and include defining regulated activities, outlining responsibilities, penalties, and other conditions for compliance. #VARA #VirtualAssets #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

25 days

VARA’s regulations play a pivotal role in positioning Dubai as a respected global hub for virtual assets driving the future of fintech and techfin. Check out our website: #VARA #VirtualAssets #Fintech #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

27 days

Built on the principles of economic sustainability, and fueled by innovation empowerment, VARA has been designed for responsible and future-proofed regulations. Check out our website: #VARA #Regulations #VirtualAssets #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

29 days

VASPs providing VA Broker-Dealer services, such as arranging trade between parties, must first obtain a licence from VARA before commencing any such activities. Link to rulebook: #VARA #Licensing #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

1 month

VARA hosted an exclusive breakfast discussion with @token2049 Dubai. Discussions centred around growth opportunities for adoption and challenges to address in order to continue to strengthen Dubai’s position as a leading global Web3 gaming hub. #VARA #Token2049 #DubaiEconomy

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Virtual Assets Regulatory Authority (VARA)

@varadubai

1 month

VASPs will be able to serve retail, qualified and/or institutional investors with VA products and/or services in Dubai (excluding DIFC) by obtaining a VARA licence. Check out our licensing process: #VARA #Licensing #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

1 month

VASPs offering Advisory Services, such as giving advice or recommendations to a client about VA transactions, must apply for a VARA licence. See the advisory services rulebook here: #VARA #Licensing #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

1 month

VARA extends warm greetings for a prosperous and fulfilling Eid! Eid Mubarak! #VARA #EidMubarak #Eid

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Virtual Assets Regulatory Authority (VARA)

@varadubai

2 months

VARA's regulations create clear guidelines and guardrails which enable the advancement of the VA industry and the protection of the borderless ecosystem. Check out our website: #VARA #DubaiEconomy

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Virtual Assets Regulatory Authority (VARA)

@varadubai

2 months

As a supervisory body, VARA ensures VASP compliance with anti-money laundering and CFT laws, in alignment with FATF recommendations. Check out our website: #VARA #RegulatoryOversight #DubaiRegulations

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Virtual Assets Regulatory Authority (VARA)

@varadubai

2 months

Comprehensive VA regulations with future proofed governance mechanisms offers resilient safeguards for a borderless VA ecosystem. Check out our website: #VARA #VirtualAssets #DubaiRegulations

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