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UAE Unveils Single Nationwide Crypto License and Joint Supervisory Framework

The regulators will streamline approvals with a unified license, share real-time compliance data, form a review committee to update laws to global standards.

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Sca and vara partnership expands dubai’s tiered licensing model across uae
Uae establishes unified regulatory framework for virtual assets through sca and vara agreement

Overview

  • SCA and VARA’s agreement activates a single license valid across all emirates, eliminating the need for separate approvals.
  • The new framework mandates real-time data exchange and joint inspections to bolster anti-money laundering and counter-terrorism financing coordination.
  • Virtual Asset Service Providers will face a single set of compliance standards and coordinated enforcement, reducing duplication during cross-emirate expansion.
  • A Legislative Review Committee has been launched to revise UAE crypto laws in line with Financial Action Task Force guidelines and international best practices.
  • Ongoing talks with the Abu Dhabi Global Market and other regulators aim to extend the harmonized framework to all federal and free zone jurisdictions.