CoinVoice has learned that, according to Cointelegraph, the UAE Securities and Commodities Authority (SCA) has officially established a strategic partnership with the Dubai Virtual Assets Regulatory Authority (VARA) to coordinate and unify the UAE Crypto Assets regulatory framework.



According to the agreement, both parties will establish a mutual recognition mechanism for the licenses of Virtual Asset Service Providers (VASP), but enterprises still need to pass compliance reviews such as anti-money laundering assessments. This cooperation simplifies the national business process for enterprises, while the SCA also established a special committee to work with VARA to improve regulatory regulations, marking a key step for the UAE towards becoming a global leader in crypto governance. VARA emphasized that this cooperation is the beginning of broader national-level regulatory coordination, and in the future, it will promote cross-border regulatory interoperability with institutions such as the Abu Dhabi Global Market.
SCA3.11%
VARA-3.2%
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