VARA
Virtual Asset Regulatory Authority, Dubai UAE
Introduction:
Established in early 2022, the Virtual Assets Regulatory Authority (VARA) represents a groundbreaking initiative by the Dubai government to oversee the rapidly evolving sector of virtual assets.
As the first regulatory entity of its kind, VARA is committed to ensuring the secure and efficient operation of Virtual Asset Service Providers (VASPs) in Dubai. This initiative positions both the emirate and the broader United Arab Emirates as a leading hub for digital finance and innovation.
VARA's core objectives include promoting Dubai as a key regional and international center for virtual assets, enhancing the emirate's competitive advantage in this sector, and nurturing a robust digital economy. The authority is responsible for formulating regulations that safeguard investors while mitigating illicit activities associated with virtual assets. This regulatory framework covers a diverse range of operations, including virtual asset platforms, currency exchange services, and asset management solutions.
Ultimately, VARA aims to establish the Emirates as a prime destination for virtual asset enterprises, fostering an ecosystem that positions it as a pivotal center for virtual assets on both regional and global stages.
FIN LEX GLOBAL with extensive legal expertise, we are positioned uniquely to guide clients through the intricacies of obtaining licenses under VARA's jurisdiction. Our aim is to ensure that businesses not only comply with regulations but thrive in this dynamic environment.
We provide comprehensive support throughout the licensing process under VARA.
- Advisory Services
- Broker Dealer Services
- Custody Services
- Exchange Services
- Lending and Borrowing Services
- Management and Investment Services
- Transfer and Settlement Services
- Virtual Asset Issuance Category 1
Practice Areas
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ATTORNEYS & PARTNERS
Our Legal Team
Barrister Rizwan Rasheed Siddiqui
Managing Partner
He is highly accomplished legal professional from England, with extensive expertise in corporate law, fintech, and regulatory compliance. Coming from a distinguished
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Barrister Muhammad Umair Khan
Barrister
Corporate Governance, Compliance, Risk Management, Corporate Social Responsibility (CSR), Strategic Planning
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Barrister Muhammad Hassaan Adil Khan
Barrister
Mergers and Acquisitions, Due Diligence, Corporate Restructuring, Valuation Analysis, Shareholder Agreements
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Barrister Osama Memon
Barrister
Corporate Governance, Compliance, Risk Management, Corporate Social Responsibility (CSR), Strategic Planning
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Barrister Muhammad Atif Attiquuee
Barrister
Blockchain, Regulatory compliance, Policy drafting, Decentralized Applications (dApps), Tokenization of Assets
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Advocate Jalal Khan Yousafzai
Barrister
ICO Compliance, Regulatory Frameworks, Fundraising Strategies, Financial Technology (FinTech) Law, Consumer Protection
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