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The Elven Research - Deep Dive into Dubai VARA License Report has been published and is available for use. This report provides critical and comprehensive information about the Dubai License for Virtual Assets Regulatory Authority （VARA）
Dubai has warm and transparent compliance regulations by the Virtual Assets Regulatory Authority [VARA] in place for virtual assets service providers (VASP) regulated by law No. [4] of 2022 Regulating Virtual Assets in the Emirate of Dubai [Dubai VA Law]. Till date, there are a total of 13 licensed VASP with another 8 VASP applicants.
In terms of record keeping and compliance documents, the top 3 regulatory disclosure requirements for the VARA license are daily reconciliation of customer assets, monthly, quarterly and annual submissions to VARA and annual audit.
