UAE Regulators SCA and VARA Sign Agreement for Unified Crypto Framework

• UAE regulators unify virtual asset licensing for consistent oversight across all emirates.
• Real-time data sharing enables coordinated inspections and efficient enforcement.
• Legislative review targets AML and CTF gaps to align with global standards.

The United Arab Emirates is streamlining its crypto rules. The country’s two main regulators, the federal Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA), have signed an agreement to create a unified framework for the entire virtual asset industry.

One License to Operate All Across the UAE

The new partnership introduces a shared licensing process. This means a crypto firm’s license issued by either VARA in Dubai or the SCA in other emirates will be mutually recognized, allowing them to operate across the country wi…

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