Matthew Rodwell

Latham & Watkins LLP

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Dubai Virtual Assets Regulation Authority Enacts New Regime to Regulate Virtual Assets

The new regime specifies licensing and reporting requirements for a range of activities related to virtual assets in the Emirate of Dubai. On February 7, 2023, the Dubai Virtual Assets Regulation Authority (VARA) adopted...more

2/16/2023  /  Cryptoassets , DIFC , Dubai , Enforcement Authority , Licensing Rules , Reporting Requirements , Virtual Goods

Dubai Issues Landmark Law to Promote Development of Virtual Assets Market

The new law establishes the Dubai Virtual Assets Regulatory Authority and identifies activities to be regulated, such as operating virtual asset platforms. On March 11, 2022, Dubai Law No. 4 of 2022 on the Regulation of...more

4/21/2022  /  DIFC , Digital Assets , Dubai , New Legislation , New Regulations , Regulatory Authority , UAE Securities & Commodities Authority (the SCA) , United Arab Emirates (UAE) , Virtual Goods
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