Dubai's Progressive Approach: VARA License Issuance and Compliance Framework
In a groundbreaking development for Dubai's virtual asset landscape, the issuance of the final Virtual Asset Regulatory Authority (VARA) license has been unveiled, underscoring the city's commitment to fostering a regulated and secure virtual asset ecosystem. The journey towards obtaining this coveted VARA license entails a crucial checkpoint: the fulfillment of financial obligations, including the payment of remaining fees and the first year's supervision fees. This financial commitment serves as a testament to the seriousness and accountability associated with operating as a licensed virtual asset service provider (VASP) in Dubai.
