The Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) have reportedly signed a partnership to create a unified regulatory framework for cryptocurrencies across the UAE. The goal of this cooperation is to simplify compliance for crypto businesses and boost the country's appeal as a global hub for the industry.
While VARA has commented on the expected benefits of the agreement, no official announcement has been made by the leaders of either authority. The CEO of SCA, Dr. Maryam Buti Al Suwaidi, stated that the collaboration aims to "establish a robust regulatory framework that ensures compliance while fostering innovation in digital assets."
Market experts believe that a more streamlined regulatory environment will attract more crypto companies to the region, though there has been no official market data to confirm an immediate reaction to the news.
August 2025, Cryptoniteuae