The Dubai Financial Services Authority (DFSA) and the Virtual Assets Regulatory Authority (VARA) signed a Memorandum of Understanding setting out a formal framework to strengthen regulatory cooperation across their respective jurisdictions for virtual assets in Dubai, covering the Dubai International Financial Centre (DIFC) and the rest of the Emirate of Dubai excluding the DIFC. The MoU focuses on closer coordination on licensing, supervision and enforcement, joint support for efforts to combat money laundering, terrorism financing and proliferation financing, and enhanced information exchange to promote integrity and confidence across Dubai’s financial and virtual asset markets. The agreement was signed at GITEX Global by DFSA Chief Executive Mark Steward and VARA Chief Executive Officer Matthew White.
Dubai Financial Services Authority 2025-10-15
Dubai Financial Services Authority and Dubai’s Virtual Assets Regulatory Authority sign MoU to coordinate virtual asset licensing, supervision and enforcement
The Dubai Financial Services Authority and the Virtual Assets Regulatory Authority signed a Memorandum of Understanding to enhance regulatory cooperation for virtual assets in Dubai, including the DIFC. The MoU emphasizes coordination on licensing, supervision, enforcement, and combating financial crimes, alongside improved information exchange. The agreement was signed at GITEX Global by DFSA Chief Executive Mark Steward and VARA CEO Matthew White.