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Abu Dhabi Securities Exchange Signs MoU with #Armenia Securities Exchange  #UAE #AbuDhabi #ADX #AbuDhabiSecuritiesExchange #AMX  Abu Dhabi Securities Exchange  AMX | Armenia Securities Exchange and Central Depository

The signing of the cooperation agreement between the Securities and Commodities Authority (SCA) and Virtual Assets Regulatory Authority [VARA] is a significant step in reinforcing the UAE's robust regulatory framework for virtual assets. This collaboration is crucial for us to improve clarity and security, supporting the continued growth of the virtual assets sector. The more I explore this space, the more evident it becomes that virtual assets will play a key role in shaping the future of finance. #VARA #DubaiRegulations

Impressive move by UAE ! This collaboration between SCA and VARA sets a strong foundation for a secure and transparent virtual asset ecosystem. It's great to see the UAE leading the way in digital innovation and fostering a regulatory environment that promotes both growth and investor confidence. Exciting times ahead for the virtual asset sector ! #SCA#regulatorycompliance

The recent collaboration between the Securities and Commodities Authority (SCA) and Dubai's Virtual Assets Regulatory Authority (VARA) marks a significant advancement for Virtual Asset Service Providers (VASPs). This partnership highlights the increasing integration of securities and virtual assets, bringing us closer to a future where securities are traded on-chain.

📣 Big news on the regulatory front for Virtual Assets companies seeking to operate from in/from UAE 🇦🇪! Today, the Securities and Commodities Authority (SCA) and the Virtual Assets Regulatory Authority [VARA] have signed a 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭, further clarifying their roles within the UAE regulatory landscape. This was a long-standing uncertainty for many applicants and VASPs that finally has been addressed 👍 . As per the agreement: 🚨 VASPs operating in/from Dubai, or wishing to service the emirate of Dubai require to obtain a license from VARA, 𝐚𝐧𝐝 𝐜𝐚𝐧 𝐛𝐞 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐛𝐲 𝐝𝐞𝐟𝐚𝐮𝐥𝐭 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒𝐂𝐀 𝐭𝐨 𝐬𝐞𝐫𝐯𝐢𝐜𝐞 𝐭𝐡𝐞 𝐰𝐢𝐝𝐞𝐫 𝐔𝐀𝐄 🚨 VASPs wishing to operate out of any other Emirates, must be licensed by the SCA to do so 🚨 The agreement covers the mechanism for mutual supervision of VASPs, penalty and fine imposition, the exchange of information and statistics, as well as cooperation in employee training and qualification Official communication in the comments 👇 #regulation #VirtualAssets #VARA #SCA #crypto

Exciting update for the virtual asset industry! The SCA and VARA have now agreed that VASPs operating in or from Dubai must obtain a VARA license, and can automatically be registered with the SCA to serve the wider UAE. For those looking to operate in other Emirates, an SCA license is required. This is a great step forward in streamlining virtual asset regulation across the UAE, creating more opportunities for compliant and secure digital growth. #UAE #VirtualAssets #VASPLicensing #DigitalEconomy #Dubai #FinTech

Exciting news from the UAE's crypto landscape! The collaboration between the Securities and Commodities Authority (SCA) and Dubai's Virtual Assets Regulatory Authority [VARA] is a huge step forward for VASPs. This partnership shows the growing convergence of securities and virtual assets, as we inch closer to a future where securities will be traded on-chain. In a few years, when we reflect on how Dubai became a global finance and crypto hub, it will be due to forward-thinking initiatives like these. They empower entrepreneurs to establish their ventures in the UAE and attract investors to back local startups. While other regions struggle, often creating friction between regulators and innovators, the UAE stands apart by fostering collaboration and driving innovation. This progressive approach is building a cutting-edge, future-oriented ecosystem.

The Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have formalised a pivotal agreement, reinforcing the UAE's ambition to become a global leader in the virtual assets sector. This partnership establishes a unified regulatory framework aimed at fostering growth, stability, and investor confidence while ensuring compliance with anti-money laundering and other critical regulations. The agreement emphasises mutual oversight, information sharing, and joint training initiatives, reflecting a shared commitment to advancing a sophisticated and interoperable virtual assets market. This collaboration aligns with the UAE’s vision to build a resilient, forward-thinking financial landscape, further positioning the nation as a premier hub for the future of finance. View the full press release for more details: https://lnkd.in/dW5Jb6jN #VARA #DubaiRegulations

Boosting UAE's Global Standing in the Virtual Assets Sector: The Securities and Commodities Authority (SCA) and Dubai's Virtual Assets Regulatory Authority [VARA] have joined forces to establish a regulatory framework for the UAE’s virtual assets sector. By setting unified rules for licensing and supervision of Virtual Asset Service Providers (VASPs), the UAE is ensuring security, investor protection, and compliance with anti-money laundering regulations. This move strengthens the trust of both global investors and businesses in the UAE's financial ecosystem. Together, the SCA and VARA are paving the way for responsible innovation and securing the UAE's role as a hub for the future of finance. Contact us to get more information: https://lnkd.in/eBFX62NS #UAE #VirtualAssets #FinTech #Innovation #Investment

Who are the Digital Assets Supervisory Authorities in UAE? 3️⃣ Financial Services Regulatory Authority (FSRA) The FSRA regulates Virtual Asset Service Providers (VASPs) within the Abu Dhabi Global Market (ADGM), ensuring robust and secure digital asset operations. 🌟 #DigitalAssets #FSRA #ADGM #VASP #CryptoRegulation #BlockchainCompliance #FintechUAE #CryptoAbuDhabi #UAERegulation #DigitalAssetSecurity This content is for informational purposes only and does not constitute financial advice. For more information, see our full disclaimer at https://lnkd.in/egNuMp77