Dubai VARA VASP licence
Crypto custody license regime · Dubai, United Arab Emirates · Virtual Assets Regulatory Authority (VARA) · Register.
Assessment
Score 83% · assessed
| Requirement | Score (0–3) |
|---|---|
| Insurance Coverage | 2 |
| Backup Key Storage | 3 |
| Key Control Authority | 3 |
| Operations & Auditing | 2 |
| Bankruptcy Protection | 3 |
| Asset Segregation | 3 |
| Cold/Hot Wallet Rules | 1 |
| AML/KYC Compliance | 3 |
Holders · 3
| Product | Company | Licensed entity | Number | Issuing authority | Status | Verified | Source |
|---|---|---|---|---|---|---|---|
| BitGo Qualified Custody | BitGo | BitGo Custody MENA FZE | VL/25/04/003 | Virtual Assets Regulatory Authority (VARA), Dubai | Active | 2026-09-10 | source |
| Crypto.com Custody | Crypto.com | Foris DAX Middle East FZE | VL/23/10/003 | Virtual Assets Regulatory Authority (VARA), Dubai | Active | 2026-09-10 | source |
| Hex Safe | Hex Trust | Hex Trust MENA FZE | VL/23/08/002 | Virtual Assets Regulatory Authority (VARA), Dubai | Active | 2026-09-10 | source |