MENA: Dubai Mandates Crypto Company Licensing Under VARA

Summary:

Dubai and the UAE have updated regulations in June 2025, requiring any digital asset service provider to obtain a license from VARA.

Date: June 20, 2025

Category/Tags: MENA, Regulation

From June 1, 2025, all crypto companies in Dubai are required to obtain a VARA (Virtual Assets Regulatory Authority) license. Requirements include strong KYC/AML compliance, disclosure of custody standards, and robust operational controls.

Source: VARA Dubai – Official Site

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