SCA, VARA Agree on Unified Framework to Regulate Virtual Assets in UAE

The UAE has taken a significant step toward strengthening its virtual asset sector by announcing a unified regulatory framework between the Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA). 

This collaboration aims to streamline the oversight of virtual assets such as cryptocurrencies, improve investor protection, and enhance market stability across the country. The agreement clarifies licensing responsibilities, ensures regulatory alignment, and promotes the development of a secure and competitive virtual asset environment. It also reinforces the UAE’s ambition to become a global hub for digital finance while minimizing risks associated with unregulated crypto activity.

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