About the Event

This webinar examines key issues regarding the regulatory regime in the Middle East that is driving the growth of cryptocurrency transactions in the United Arab Emirates (UAE). The Securities and Commodities Authority issued the regulation on crypto assets, SCA’s Decision No. 23 of 2020.

The Virtual Assets Law No. 4 of 2022 on the Regulation of Virtual Assets in the Emirate of Dubai entered into force on 11 March 2022 and is applicable to virtual asset services in Dubai, except in the DIFC. The Dubai Virtual Assets Regulatory Authority (VARA) has issued a comprehensive supervision and licensing regime. The Virtual Assets Law establishes the VARA as the primary virtual assets’ regulator in Dubai. This webinar will focus on VARA, its role as a regulator, and licensing requirements and compliance best practices for virtual asset businesses seeking to operate under VARA jurisdiction.

Organized by

Dubai Chambers in collaboration with Afridi & Angell

Objectives

The participants will gain better understanding of:

• The UAE virtual asset landscape and compliance framework
• Licensing of virtual asset activities in onshore UAE as well as in the financial free zones
• Virtual asset activities in Dubai and VARA’s role as a regulator
• VARA’s registration and disclosure requirements for virtual asset entities
• Industry best practices with respect to AML and sanctions compliance

Participation Fees (Excluding VAT)

• Dubai Chambers’ Member: AED 150/-
• Non-Profit Organization: AED 250/-
• Non-member: AED 300/-

* 10% discount available for groups of three or more

For more information, please contact:

Legal Services Department
Tel: +9714 2028243
E-mail: Legalevents@dubaichamber.com

Facilitator