A virtual asset wallet is paramount for signing transactions and contains two essential items: a private key and a public address. Both are necessary to interact with a distributed ledger technology (DLT), such as blockchain. While an address can be publicly shared to receive assets, keys provide access to assets and their non-disclosure ensures security within the DLT. The importance of private keys as a part of virtual asset wallets is a way for users to safely access their assets flexibly on any device. #VARA

Today, our CEO Matthew White will speak at a panel at @AIMA_org Middle East Forum which will dive into the role of regulation in driving innovation, the challenges and opportunities of institutional adoption, and how traditional finance can adapt and thrive in the digital era. #VARA #AIMAMENAForum

We are proud to make a collaborative effort with the UAE Ministry of Interior to combat financial crimes in the virtual asset space. This landmark partnership enhances intelligence-sharing, regulatory oversight, and consumer protection, reinforcing Dubai’s leadership in responsible digital finance. Together, we are building a secure, compliant, and innovative virtual assets ecosystem. Read more below #VARA #virtualassets

With an eye to the future, Dubai’s strategic location connecting global markets, a diverse and skilled talent pool, and a commitment to innovation, our cosmopolitan city offers unparalleled opportunities for growth and success. Learn more about how Dubai continues to rise in prominence as an attractive hub for investment:

Beneficiaries play a key role, acting as the final recipients of assets whenever a virtual asset transaction is requested. Individuals or entities may be beneficiaries and can access their assets by engaging with the blockchain using virtual asset wallets. Beneficiaries make use of this tool by storing unique information that is essential to safely identify, record and complete transactions. #VARA

On the sidelines of @cfcstmoritz, our Managing Director and Vice Chairperson, Deepa Raja Carbon, sat down with @eva_szalay to discuss the evolving virtual asset landscape, the need for international regulatory alignment, and VARA’s role in fostering a secure and innovation-driven ecosystem. The conversation also delved into VARA’s key regulatory priorities for 2025. Read the full interview on page 28-29: #VARA

As a VASP, where and when should I apply for a VARA licence? VARA answers: We continuously welcomes applications for VASP licences. You may initiate the process through DET or any Free Zone in Dubai, excluding DIFC. Submit an Initial Disclosure Questionnaire [IDQ] via the relevant commercial licensor [DET or FZ]. #VARA #AskVARA

Last week, our Managing Director & Vice Chairperson Deepa Raja Carbon, delivered a keynote speech at the #UAEFutureForum, highlighting VARA’s role in shaping a secure and innovative virtual asset ecosystem. A huge thank you to the organisers for an exceptional event at the renowned @expocitydubai expedition centre. #VARA #ExpoDubai

Matthew White, CEO of VARA, has been recognised as one of the UAE’s Top 25 Pioneers by @financeworldmag for his significant contributions as a pioneer in Web3 innovation. Under Matthew’s visionary leadership, VARA continues to bolster innovation and a trusted regulatory framework in line with Dubai’s ambition to become a global hub for the virtual asset economy. Read the full article here:

A virtual asset wallet is an essential item to sign transactions. It combines a space to store private keys needed to approve transactions and incorporate security features that ensure transparent transactions. #VARA

In 2024, the MENA region ranked as the seventh-largest virtual asset market worldwide, valued at $338.7 billion. The UAE stands out as it received over $30 billion in virtual assets in that time period, ranking it as MENA's third-largest virtual asset economy and among the top 40 globally. Discover how VARA is fostering growth with its forward-thinking regulatory framework for virtual assets, emphasising innovation, security, and inclusivity: #VARA

Dubai is pursuing a strategic agenda designed to further reinforce the emirate’s position as a global leader in the future economy. Learn more about how Dubai is rising to prominence as a nexus for digital innovation in the virtual assets space: #VARA

Nicholas McNicholas, VARA’s Senior Director, Head of Regulatory Affairs and Enforcement, will join a panel at @IntersecExpo this Thursday, January 16. Nicholas will discuss VARA’s role in creating a safe environment for participants in the VA industry. #VARA #intersec2025

Next week, our Managing Director and Vice Chairperson, Deepa Raja Carbon, will be speaking at the @cfcstmoritz panel: "Competition or Collaboration? Finding the Right Balance in Global Reputation.” Deepa will highlight how VARA is pioneering the virtual asset regulatory space and Dubai's role as the global hub for the VA industry. #VARA

2024 was a year of milestones, we issued 11 new Virtual Asset Service Provider (VASP) licences, reinforcing Dubai’s position as a leading global hub for regulated virtual asset activities. Access our public register to find out more about VARA-licensed VASPs:

We are committed to ensuring a transparent and efficient regulatory framework for Virtual Asset Service Providers (VASPs) seeking to operate in Dubai. If you have specific questions for VARA, feel free to reach out via direct message. We will address your queries in an upcoming social media post.

VARA periodically conducts examinations of VASPs to ensure compliance and uphold market integrity. By cooperating with VARA and the requirements, VASPs contribute to a secure, transparent, and trustworthy virtual asset market. #VARA #DubaiRegulations

VARA is committed to strengthening regulatory security and investor protection through its virtual asset framework, establishing Dubai as a leader in the virtual asset space. By enforcing rigorous standards, VARA fosters a secure environment for innovation and market growth, ensuring investor confidence and contributing to Dubai’s reputation as a global hub for virtual assets. #VARA

VARA’s Rulebooks serve as essential guidelines, that are designed to ensure robust governance, operational integrity, and regulatory compliance within Dubai’s dynamic virtual asset market. By following both general and specific Rulebooks, VASPs can promote responsible conduct. For more details, please visit #VARA #DubaiRegulations

Driven by the D33 agenda, Dubai is leading in digital assets and blockchain innovation. The city is shaping the global conversation with a forward-thinking approach, setting new standards for the digital economy. #VARA #DubaiRegulations