The Dubai Virtual Assets Regulatory Authority (VARA) has officially launched its highly anticipated licensing framework for virtual asset service providers (VASPs), ushering in a new era of regulatory oversight for virtual...more
11/16/2023
/ Broker-Dealer ,
Compliance ,
Digital Assets ,
Documentation ,
Dubai ,
Investment ,
Investment Management ,
License Applications ,
Licensing Rules ,
Marketing ,
United Arab Emirates (UAE) ,
Visual Artists Rights Act (VARA)
In recent years, regulators within the United Arab Emirates (the UAE) have worked to foster an environment for the sustainable growth of the UAE virtual asset sector through the enactment of several regulatory measures...more
Amongst a backdrop of rising inflation and interest rates, the past two years have seen an exponential rise in the activity of private credit funds within the United Arab Emirates and the broader Middle East....more
What you need to know about the VARA Marketing Regulations -
Following the issuance of Law No.4 of 2022 on the Regulation of Virtual Assets in February 2022 (the "DVAL") and the establishment of the Dubai Virtual Assets...more
On 1 August 2022, the Central Bank of the United Arab Emirates (the "CBUAE") issued "Guidance for Licensed Financial Institutions ("LFIs") on the risks relating to payments" (the "Guidance")....more
On 28 February 2022, the Ruler of Dubai issued Law No.4 of 2022 on the Regulation of Virtual Assets (the "DVAL") in Dubai, which came into effect on 11 March 2022. The DVAL is the first law in Dubai, which specifically...more
Federal Decree Law No. 45/2021 on the Protection of Personal Data (the "UAE Personal Data Protection Law") will revolutionize the way that data is regulated in the UAE.
How did we get here? Up until now, onshore UAE has...more