Finance & Cryptocurrency

Breaking Down VARA Rulebooks: A Comprehensive Guide to Company, Market, Custody, Broker-Dealer, Advisory, and Lending Regulations

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Introduction to VARA and Its Importance The Virtual Assets Regulatory Authority (VARA) has emerged as a pivotal entity within the sphere of virtual assets, establishing a framework aimed at overseeing the rapidly changing landscape of digital currencies and related services. As the proliferation of digital assets continues to increase, regulatory bodies like VARA play a … Read more

Breaking Down VARA VASP Licensing Pathways in Dubai: Activities, Prudential and Conduct Requirements

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Introduction to VARA and VASP Licensing The Virtual Assets Regulatory Authority (VARA) serves as a pivotal regulatory body in Dubai, established to oversee and govern the operations of Virtual Asset Service Providers (VASPs). VARA’s primary mandate is to ensure a secure regulatory environment that promotes innovation while safeguarding consumers and maintaining the integrity of the … Read more

Understanding Penalties and Enforcement Trends under DMCC Crypto Assets Regulations 2021

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Introduction to DMCC Crypto Assets Regulations The Dubai Multi Commodities Centre (DMCC) established the Crypto Assets Regulations in 2021 as a comprehensive regulatory framework underlying the burgeoning digital currency market in Dubai. Recognizing the rapid growth and the potential of crypto assets, the DMCC introduced these regulations to foster innovation while ensuring that market operations … Read more