As digital assets continue to reshape the financial landscape, stablecoins have emerged as a crucial bridge between traditional finance and decentralized finance (DeFi). For financial practitioners, understanding how stablecoins work — their classifications, risk profiles, and...
Historically, before rollups existed, anything that helped scale Ethereum was loosely called “Layer 2.”This included:
sidechains (Polygon PoS)
plasma chains
state channels
But over time, the definition of a true Layer 2 has become much stricter.
✔️ Modern Definition of a...
Original source: VARA_EN_293_VER20250519
The Rulebook establishes a comprehensive issuance regime for Virtual Assets (VAs) across the Emirate of Dubai (excluding DIFC). It integrates prudential...
Original source: VARA_EN_347_VER20250519
1. Regulatory Context and Scope
1.1 VARA’s mandate
VARA was established under Dubai VA Law No. (4) of 2022 to regulate all VA Activities...
Original source: VARA_EN_317_VER2025051
1. Regulatory Context & Scope
VARA—established under Dubai Law No. 4 of 2022—is the dedicated regulator for Virtual Asset Service Providers (VASPs) operating...
Original Source: VARA_EN_243_VER20250519
1. Regulatory Context & Strategic Positioning
VARA (Virtual Assets Regulatory Authority), created under Dubai VA Law (Law No. 4 of 2022), supervises Virtual...
Context: Dubai’s Virtual Assets Framework (VARA)Dubai has positioned itself as a globally leading regulatory hub for virtual assets, emphasising governance, market integrity, investor protection,...
Original source: VARA_EN_279_VER20250519
1. Regulatory Context & Scope
The Dubai Virtual Assets Regulatory Authority (VARA), established under Dubai VA Law (Law No. 4 of 2022), oversees...
Exchange Services Rulebook (19 May 2025) is issued by the Virtual Assets Regulatory Authority (VARA), Dubai. It is written for financial practitioners, compliance officers,...
Advisory Services Rulebook is issued by the Dubai Virtual Assets Regulatory Authority (VARA), tailored specifically for financial practitioners, compliance officers, advisory desks, and institutional...
The VARA Market Conduct Rulebook establishes binding behavioral, disclosure, and governance standards for Virtual Asset Service Providers (VASPs) licensed in Dubai. These rules operate...
Original source: VARA_EN_169_VER20250519
1. Regulatory Context & Applicability
VARA’s Technology & Information Rulebook forms a binding component of the broader Virtual Assets and Related Activities Regulations...
The Dubai Virtual Assets Regulatory Authority (VARA) governs the licensing and ongoing supervision of Virtual Asset Service Providers (VASPs). The Company Rulebook forms part...
INTRODUCTION
VARA—established under Dubai Law No. 4 of 2022—is the competent regulatory body for Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) throughout Dubai,...