Dubai Crypto: Guide to Getting a VARA Licence
Requirements and Process for VARA Licence
To operate a cryptocurrency business in Dubai, it is mandatory to obtain a licence from the Virtual Assets Regulatory Authority (VARA). The application process for a VARA licence involves a two-step process.
Obtaining a Crypto Licence in Dubai
Through DMCC
One way to acquire a crypto licence in Dubai is through the Dubai Multi Commodities Centre (DMCC). DMCC offers a dedicated regulatory framework for crypto businesses and provides access to a range of services, including banking and custody solutions.
Cryptocurrency Exchange Licence
To establish a cryptocurrency exchange in Dubai, a specific cryptocurrency exchange licence is typically required. This licence enables businesses to operate legal cryptocurrency trading platforms within the emirate.
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