Gulf News, 6 August 2025: The Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have established a unified regulatory framework for virtual assets across the UAE.

Key elements of the new framework include: Joint licensing and supervision mechanisms, Mutual recognition of licenses between Dubai and other emirates, Coordinated compliance monitoring, Real-time information sharing between authorities and Combined inspection and enforcement procedures.

The SCA has established a Coordinating Committee for Legislative Review to oversee the implementation. This committee will: Review existing virtual asset legislation, Propose new regulations, Align standards with international requirements, and Chair coordination between regulatory bodies.

The practical changes include: Centralised licensing procedures, Standardised rules across jurisdictions, Integrated regulatory processes, Combined risk assessment systems, Unified approach to anti-money laundering measures.

The agreement introduces shared digital infrastructure for regulatory processes and establishes joint task forces for ongoing coordination between the authorities.

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