VARA Virtual Assets and Related A…
VARA Virtual Assets and Related Activities Regulations 2023 · st:ae-vara-regs
Primary text ↗Verified
Dates
no data
In force from
Key provisions
2 in the graphThe article’s own text, quoted verbatim from the primary source below — a citable fact, not a summary. No plain-English explanation is shown: writing one would be legal analysis nobody sourced (docs/RULES.md R1). That register is reserved should sourced explanations be added later, and will never share this card’s styling.
Regulation III.A.1 (General prohibition on unlicensed VA Activity)
prov:ae-vara-III-A-1
ARTICLE TEXT — VERBATIM, TIER B
No Entity may carry out any VA Activity by way of business, or purport to do so, in the Emirate, unless it is— a. authorised and Licensed by VARA for the VA Activity; b. an employee carrying out or otherwise facilitating a VA Activity on behalf of its employer that is Licensed by VARA; or c. an Exempt Entity. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Regulation IV.A.1 (Requirement to hold a Licence)
prov:ae-vara-IV-A-1
ARTICLE TEXT — VERBATIM, TIER B
All Entities wishing to carry out one or more VA Activities in the Emirate must seek authorisation from VARA prior to conducting any VA Activity. b. All Entities shall apply for, obtain and maintain a Licence issued by VARA in order to be permitted to carry out each VA Activity that it will conduct in the Emirate. source
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
National regimes implementing it
3 regimesOne statute, implemented differently by each regime below — the same directive granting different activities, client types and capital figures market by market.
WhereAuthorityRegimeCapital · transitionFirms
AEVirtual Assets Regulatory Authority (Dubai)VA Exchange Services Licence / Dubai / VARAOperate a trading platform for crypto-assetsAED 800,000–1,500,000 sourceno data2
AEVirtual Assets Regulatory Authority (Dubai)VA Broker-Dealer Services Licence / Dubai / VARAExchange crypto-assets for fundsAED 400,000–600,000 sourceno data2
AEVirtual Assets Regulatory Authority (Dubai)VA Custody Services Licence / Dubai / VARAProvide custody and administration of crypto-assets on behalf of clientsAED 600,000 sourceno data0
Sources
Regulation III.A.1 (General prohibition on unlicensed VA Activity) · Regulation IV.A.1 (Requirement to hold a Licence)VARA Virtual Assets and Related Activities Regulations 2023https://rulebooks.vara.ae/entiresection/10
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