The Dubai Virtual Assets Assergul Authority (Vara) has reported nearly AED2.5TN ($681BN) in Virtual Asset Admictions across regulated businesses this year, marking a major milestone in the virtual asset community.
This update reflects Dubai’s ongoing effort to build the most secure power in the world, a vision that is directly in line with the mandate issued in 2022 by Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.
Since the introduction of the first regulatory regime, Varare has prioritized ineffective investor protection and market stability as key areas for reliability, accountability and sustainable sector growth.
Real estate in Dubai
Its proactive approach has attracted global institutional interest and leading industry innovators, supported by a robust regulatory framework and integrated enforcement across all relevant authorities.
The authority said that its constant vigilance, tolerance tolerance and coordinated delivery between regulatory, law enforcement and judicial bodies are designed to ensure that all offenders respond to the accident.
Vara observed that these achievements underline Dubai’s commitment to developing a regulatory environment that is able to cope with the Global Course.
Its balanced regulatory system aims to increase transparency, protect investors and establish a legal infrastructure that supports the expansion of the digital economy – securing consumer interests and ensuring consumer confidence.
Financial framework
As traditional finance (Tradifi) and decentralized finance (desi) continue to evolve, Dubai remains committed to renewing its regulatory framework and promoting responsible global innovation that enables inclusive economic participation.
Deeta Raja Raja Carbon, managing director, said: “As global capital becomes more decentralized and decentralized, Dubai has emerged as an effective way to drive leadership in the new economy and financial sectors.
“Under this approach, the main priority of Varta’s management has been to create a model that has been passed on with the security that is not desirable, so that Dubai becomes a Nexus that is ready for the future with the economy of the future goods.
“The complete and robust nature of these actions is a clear indication that our VA market operates on ‘Trust’, where compliance and accountability are essential assets for an organization seeking to participate.”
Varra introduced its sales rules as a first step in setting clear rules of engagement for the industry.
Systematic consumer education and ecosystem alignment was followed, to ensure that all parties understood the expectations. Its fast and efficient system has reduced complaints, red tape and strengthened market enforcement.
Local partners
The Authority works extensively with Federal and State agencies including:
- Safety and Commodities Authority
- The central bank of the UAE
- National Committee on Bankruptcy and the fight against the financing of terrorism
- Dubai Economic Security Institute
- UAE CONTINENTENT Division
- Dubai Economy and Tourism
- Dubai Police
- Dubai Electronic Security Center
- Telecommunications and digital government regulatory Authority
- Departments of Public Prosecutions and Law
- All relevant economic areas of Dubai are relevant
This joint operation ensures transparency and effective communication of enforcement actions.
Varara publishes its enforcement decisions online, while collections and additional enforcement measures – including property tokens – are referred to authorized representatives.
Similar to regulatory progress, the Dubai Virtual property market has seen strong growth and regulation.
Goods Different from Nations
Assets under management exceed AED9.6BN ($2.62BN) by 2025. Dubai is home to over 40 licensed service providers (VASPS) and over 600 service providers and over 600 registered suppliers.
The authority is currently processing more than 250 license applications and has accepted entrants from around the world. More than a million investors and traders are now working in Dubai.
Matthew White, CEO says, “By integrating clear regulatory frameworks and promoting responsible market operations, we are moving towards a regulatory environment that encourages creativity while protecting the public interest.
“As Dubai’s virtual property market continues to mature, Varai remains committed to building a secure and sustainable global ecosystem that positions Dubai as a reliable hub for the new economy.”
