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FIEntering Dubai’s virtual asset ecosystem requires more than a license application. Under the oversight of the Virtual Assets Regulatory Authority, approval depends on governance strength, capital planning, AML frameworks, and operational resilience.
Key factors regulators assess:
• Correct activity classification (exchange, broker, custodian, advisory)
• Risk-based capital planning
• Strong governance and board oversight
• Robust AML framework aligned with Financial Action Task Force standards
• Secure custody, cybersecurity, and IT audit readiness
Most application delays occur due to weak governance structures, superficial AML documentation, or unrealistic operational claims.
In Dubai’s evolving digital asset market, regulatory readiness is the foundation for sustainable growth.
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