Gain complete autonomy in Dubai's crypto market. We guide you through obtaining a Virtual Assets Regulatory Authority (VARA) license, ensuring your business operates with full compliance and regulatory protection. Build trust with clients and elevate your business to new heights of operational freedom.
VARA is the sole authority regulating virtual assets across Dubai’s free zones and mainland including Dubai Multi Commodities Centre (DMCC), except Dubai International Financial Centre (DIFC).
VARA Dubai regulates virtual asset-related businesses. A VARA license allows companies to operate in the crypto space, including cryptocurrency exchanges, crypto asset management, and crypto payment solutions.
We'll begin by assessing your business model to ensure it aligns with VARA's regulatory framework. This will help identify the appropriate license categories for your specific business activities such as:
Cryptocurrency Exchange
Crypto Asset Management
Initial Coin Offerings (ICOs)
Distributed Ledger Technology Services
Blockchain Consultancy
ADGM, a financial free zone in Abu Dhabi, fosters the growth of the crypto sector by providing a secure and transparent environment for crypto businesses. Its independent regulatory framework supports innovation and development within the sector.
The available licenses include:
Cryptocurrency Exchange
Crypto Asset Management
Crypto Asset Custodian
Crypto Marketing and Sales
The aim is to enhance the financial reporting of crypto assets. By providing more relevant information that accurately reflects economic value of crypto assets, improve decision-making for investors and better understanding and presentation of entity’s financial position.
Many common digital assets are classified as intangible assets. The accounting standard ASC 350-60 mandates that these crypto intangible assets be valued at fair market value after acquisition.
We can provide you with the expertise that can provide guidance on implementing accounting systems, controls, and processes for businesses that deal with cryptocurrencies and digital assets.
Navigating the complexities of opening a Crypto Bank Account in the UAE can be challenging. Our team of experienced professionals possesses the in-depth knowledge and extensive network to guide you through this process seamlessly. We understand the unique requirements and regulatory landscape of the UAE financial market, and we leverage our expertise to ensure a smooth and successful account opening experience.
