Dubai Web3.0: Virtual Asset Regulatory Lm88 casinoscape

Amid the wave of Web 3.0, a number of countries m88 casino regions are advancing legislation relating to virtual assets. Among these, Dubai stm88 casinos at the forefront of virtual asset regulation m88 casino has become a key destination for Chinese companies expm88 casinoing into the Middle East.

JunHe partner Jing Cai has invited Mr. Ruben Bombardi, general counsel of Dubai’s Virtual Assets Regulatory Authority (VARA), to answer questions regarding Dubai’s regulatory lm88 casinoscape for virtual assets.This article presents insights to help establish an understm88 casinoing of Dubai’s legal framework for virtual assets.

We warmly invite companies that are planning to expm88 casino m88 casino establish virtual asset operations in Dubai to register for our upcoming seminar (the registration link is below). Join VARA representative m88 casino leading experts in Dubai’s virtual assets space for in-depth discussions on the latest developments m88 casino practical insights into this

rapidly evolving field.

I. What is the legal definition of m88 casino assets?

In Dubai, virtual assets are legally defined as digital representations of value that can be traded, transferred or used for exchange, payment or investment. This includes digital currencies (like Bitcoin m88 casino Ethereum), stable coins m88 casino utility tokens used in Web3 platforms. Virtual assets are different from digital securities or tokenised securities, which represent shares or bonds m88 casino fall under separate financial regulations. They also differ from broader digital assets (like e-documents or software) that may not have financial value. Dubai’s Virtual Assets Regulatory Authority (VARA) oversees these activities to ensure safety m88 casino trust in the ecosystem.

II. How are virtual assets-related activities regulated in m88 casino?

Dubai has a clear framework to regulate virtual asset activities m88 casino is the world’s first jurisdiction to do so. VARA regulates Virtual Asset Service Providers (VASPs) carrying out virtual asset activities in or from the Emirate of Dubai, including exchange, broker-dealer, custody, asset management, lending m88 casino borrowing, transfer m88 casino settlement m88 casino advisory activities. Every licensed VASP must comply with four Compulsory Rulebooks plus the Activity-Specific Rulebooks relevant to its permission. In line with the ‘licence first’ rule, VASPs wishing to operate in Dubai must obtain a license from VARA m88 casino comply with rules on anti-money laundering (AML) m88 casino consumer protection. At the federal level, the UAE also sets broad financial crime m88 casino AML stm88 casinoards. One exception is the DIFC (Dubai International Financial Centre), which has its own regulator m88 casino rules for virtual assets.

III. Which governmental authorities supervise m88 casino asset related activities?

Securities & Commodities Authority (SCA):The federal regulator. It sets the overall legal framework via Cabinet Decision No. 111 of 2022 m88 casino oversees the licensing of VASPs outside special zones or in emirates without their own regime.

m88 casino Assets Regulatory Authority (VARA):Dubai’s specialist agency, created under Dubai Law No. 4 of 2022. It regulates, licenses m88 casino supervises VASPs in the Emirate of Dubai (excluding DIFC), including free zones m88 casino special development zones.

m88 casino Financial Services Authority (DFSA):Regulates m88 casino asset activities within the DIFC (financial free zone), under its own legal framework.

Financial Services Regulatory Authority (FSRA) in ADGM: ADGM is a free zone in Abu Dhabi. FSRA regulates m88 casino assets there under its distinct rules.

Central Bank of m88 casino UAE (CBUAE):Has oversight in areas involving payments, stablecoins, ‘stored value facilities’ m88 casino fiat-crypto interactions m88 casino ensures AML / financial stability in those flows.

IV. What are the current policies m88 casino practices in Dubai regarding RWA (tokenization of real-world assets)?

Dubai is now formally regulating real-world asset (RWA) tokenisation under its virtual asset’s framework. VARA’s May 2025 update to the Rulebook introduced Asset-Referenced Virtual Assets (ARVAs), which are tokens backed by physical assets (e.g. real estate, commodities m88 casino off-chain securities).¹

Issuers of ARVAs need a Category 1 Virtual Asset Issuance License. They must publish a detailed white paper m88 casino risk disclosures, maintain audited reserves m88 casino adhere to oversight including monthly audits.²

Regarding real estate, Dubai has launched a tokenisation pilot via the Dubai Lm88 casino Department (DLD),³enabling fractional ownership of properties. DLD oversees the physical property m88 casino legal title aspects, while VARA regulates the digital tokens representing those assets. Only VARA-licensed companies are allowed to issue these tokens.

In the DIFC free zone, in 2025 the DFSA introduced a regulatory sm88 casinobox for RWA tokenisation (e.g., bonds, supply chain-finance m88 casino real estate) to allow experimentation under regulatory oversight.⁴

V. Why is m88 casino a strong choice for overseas investment in Web 3.0 businesses?

With its clear regulatory framework, business-friendly environment m88 casino strong government backing for innovation, Dubai has emerged as a leading global hub m88 casino a top choice for Web3 businesses. Companies benefit from world-class infrastructure, easy market access across the Middle East, Africa m88 casino Asia m88 casino a growing pool of talent m88 casino investors; in short, it is a favorable business m88 casino regulatory ecosystem for VA. With a dedicated regulator for virtual assets, Dubai provides both clarity m88 casino confidence for companies exploring blockchain, virtual assets m88 casino tokenisation.

To help shape the next phase of this ecosystem, we cordially invite you to register for our exclusive upcoming seminar. This session is designed for leading industry players exploring Web 3.0 investment opportunities in Dubai m88 casino will feature in-depth discussions with VARA representative m88 casinotop experts from Dubai’s virtual assets sector on the latest developments m88 casino offer practical insights. Seating is limited—secure your spot now by registering via the link below.

m88 casino registration link:https://junheevent.mikecrm.com/1Ysiks2

1.https://www.jawanpartners.com/news/m88 casino-tokenisation-regulatory-scope?

2.VARA_EN_293_VER20250519.pdf

3.https://dubailm88 casino.gov.ae/en/eservices/real-estate-tokenization#/

4.https://www.dfsa.ae/news/dfsa-begins-engagement-firms-selected-its-tokenisation-regulatory-sm88 casinobox-reinforcing-its-commitment-responsible-innovation-difc

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