Virtual Assets Regulatory Authority

Summary

This organization is responsible for regulating the virtual assets industry in Dubai, overseeing the provision, use, and exchange of virtual assets. It aims to empower innovation through responsible regulation, providing a comprehensive framework for virtual asset service providers. The authority collaborates with global experts and local financial regulators to mitigate risks and facilitate safe market adoption. It plays a crucial role in Dubai's digital economy by establishing international standards for virtual assets, ensuring investor protection, and promoting economic sustainability.