Dubai VARA Virtual Asset License license
Overview
The Dubai VARA Virtual Asset License is a regulatory license issued by Dubai's Virtual Assets Regulatory Authority (VARA) for virtual asset service providers (VASPs). It is required for entities engaging in virtual asset activities such as exchange, custody, transfer, and advisory services within or from Dubai (excluding DIFC). The license categorizes VASPs into different classes based on the services offered and operational scope.
Within the DeFi Intel graph, Dubai VARA Virtual Asset License connects to 10 tracked entities, most strongly to Binance, Virtual Assets Regulatory Authority (Dubai), Crypto.com.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 10 total).
| Relation | Connected entity | Confidence |
|---|---|---|
regulates | Binance | 95% |
issued_by | Virtual Assets Regulatory Authority (Dubai) | 95% |
regulates | Crypto.com | 90% |
regulates | OKX | 90% |
regulates | Bybit | 85% |
regulates | Komainu | 85% |
regulates | Hex Trust | 85% |
regulates | Deribit | 85% |
regulates | BitOasis | 85% |
regulates | Coinbase | 50% |
Frequently asked questions
What is the Dubai VARA Virtual Asset License?
The Dubai VARA Virtual Asset License is a regulatory license issued by Dubai's Virtual Assets Regulatory Authority (VARA) for virtual asset service providers (VASPs). It is required for entities engaging in virtual asset activities such as exchange, custody, transfer, and advisory services within or from Dubai (excluding DIFC).
Which entities are regulated by the Dubai VARA Virtual Asset License?
Entities regulated by the Dubai VARA Virtual Asset License include Binance, OKX, Crypto.com, Bybit, Hex Trust, Komainu, and Deribit.
What types of activities does the Dubai VARA Virtual Asset License cover?
The license covers virtual asset activities such as exchange, custody, transfer, and advisory services. It categorizes VASPs into different classes based on the services offered and operational scope.