UAE Regulators SCA and VARA Sign Agreement for Unified Crypto Framework

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 (VA…

SCA, VARA align on regulatory framework for virtual assets

The agreement defines a unified registration mechanism for VASPs across both jurisdictions and outlines operational coordination principles based on mutual collaboration and effective oversight The post UAE’s SCA, VARA align on unified regulatory framework for virtual assets appeared first on Gulf Business.