VARA Licensed VASPs: 21 ▲ +3 YTD | Enforcement Actions: 36 ▲ +2 in 2026 | VARA Rulebook Version: v2.0 ▲ May 2025 | Licensed Activities: 7 Categories ▲ Full Market | VARA Applications Pending: 147 ▲ +12 | AML/CFT Circulars: 41 ▲ +4 in 2026 | Free Zone Partners: DWTCA + DET ▲ Active | Unlicensed Firms Listed: 36+ ▲ Growing | VARA Licensed VASPs: 21 ▲ +3 YTD | Enforcement Actions: 36 ▲ +2 in 2026 | VARA Rulebook Version: v2.0 ▲ May 2025 | Licensed Activities: 7 Categories ▲ Full Market | VARA Applications Pending: 147 ▲ +12 | AML/CFT Circulars: 41 ▲ +4 in 2026 | Free Zone Partners: DWTCA + DET ▲ Active | Unlicensed Firms Listed: 36+ ▲ Growing |

Circulars Summary

Total Published: 41 circulars, announcements, and press releases

Date Range: August 2022 — March 2026

Categories: Circulars, Announcements, Press Releases, Market Notices


2026 Circulars

DateTitleType
Mar 4, 2026Implementation of UAE AML/CFT/CPF Requirements for VASPsCircular
Feb 24, 2026Implementation of UAE Virtual Assets Travel RuleCircular
Jan 22, 2026Enhanced Measures for High-Risk Jurisdictions — Updated FATF ListsCircular
Jan 8, 2026Onboarding and Classification of Qualified InvestorsCircular

2025 Circulars (Selected)

DateTitleType
Nov 24, 2025Publication of UAE Federal Decree-Law on AML/CFT/CPF — Mandatory GAP AssessmentCircular
Nov 21, 2025EOCN Updated Guidance on Targeted Financial SanctionsCircular
Nov 7, 2025Guidance on Rule III D Risk AssessmentsCircular
Oct 10, 2025Public Consultation on Crypto-Asset Reporting Framework (CARF)Circular
Jul 31, 2025Reminder on Licence Code for VA Proprietary TradingCircular
Jul 24, 2025Compliance with CBUAE PTSR — NoC Registration RequirementCircular
Jul 8, 2025Decision of National AML/CFT Committee No. (6) of 2025Circular
Jun 11, 2025UAE National Risk Assessment (NRA)Circular
May 20, 2025UAEFIU IEMS Requirements for VASPsCircular
May 19, 2025VARA Issues Updated Activity Rulebooks v2.0Announcement
Feb 25, 2025Reminder on UAE National AML/CFT ObligationsCircular

2024 Circulars

DateTitleType
Nov 11, 2024Update FATF High-Risk Jurisdictions ListsCircular
Sep 18, 2024Mandatory EOCN System Registration for Sanction AlertsCircular

2023 Circulars & Announcements (Selected)

DateTitleType
Nov 17, 2023Market Notice: Enforcement IntensificationMarket Notice
Nov 16, 2023Matthew White Appointed CEOAnnouncement
Nov 14, 2023Creation of VA Issuance Licence CodeCircular
Nov 7, 2023Final Deadline Extension for VASP RegistrationAnnouncement
Oct 12, 2023Issuance Rules for Asset Reference TokensAnnouncement
Aug 24, 2023Staking from Custody ServicesAnnouncement
Aug 10, 2023VARA-DET Consumer Protection MOUAnnouncement
Jul 18, 2023SCA-VARA Unified VA Sector RegisterAnnouncement
Jun 22, 2023Fee Schedule ClarificationAnnouncement
Jun 15, 2023OKX Middle East MVP Preparatory LicencePress Release
May 29, 2023Regulated VA Activities at DET BranchesAnnouncement
May 23, 2023Creation of VA Proprietary Trading Licence CodeCircular
May 1, 2023BitOasis MVP Operational LicencePress Release
Apr 14, 2023DET/Free Zone Council Legacy Operator ApplicationsAnnouncement
Mar 20, 2023Crypto.com MVP Preparatory LicensePress Release
Mar 13, 2023AAN for VASPs — Deadline March 31Circular
Feb 17, 2023GCEX MVP Preparatory LicencePress Release
Feb 10, 2023VA Licensing Activities IssuanceCircular
Feb 7, 2023VA Regulations 2023 IssuedAnnouncement

2022 Circulars

DateTitleType
Nov 24, 2022Hex Trust MVP LicencePress Release
Nov 21, 2022Komainu MVP LicencePress Release
Sep 19, 2022Binance MVP LicencePress Release
Aug 25, 2022Marketing Regulations IssuedAnnouncement

Thematic Analysis

AML/CFT Focus

The largest cluster of circulars addresses AML/CFT/CPF compliance, reflecting both VARA’s supervisory priorities and the UAE’s commitment to FATF standard implementation. Key themes include sanctions screening (EOCN), Travel Rule implementation, NRA integration, and federal law alignment.

Licensing Evolution

Circulars track the progressive expansion of VARA’s licensing framework, from the foundational February 2023 regulations through new licence codes for issuance and proprietary trading, to deadline management for legacy operator transition.

Enforcement Signaling

Market notices and deadline announcements served as enforcement precursors, with VARA’s November 2023 warning directly preceding the escalation of enforcement actions in 2024 and 2025.

Source: VARA News & Announcements

For detailed analysis of specific regulatory themes, see our VARA Framework section. For enforcement outcomes, see our enforcement dashboard.

For federal regulatory circular tracking, visit UAE Tokenization Regulations.

Complete Circulars Timeline

VARA has issued 41 circulars and announcements from August 2022 through early March 2026. The following timeline captures the complete record of VARA’s regulatory communications, each adding to the compliance framework that licensed VASPs must navigate.

2026 Circulars (January-March)

DateSubject
4 Mar 2026Implementation of UAE AML/CFT/CPF Requirements
24 Feb 2026Virtual Assets Travel Rule Implementation
22 Jan 2026Enhanced Measures for FATF High-Risk Jurisdictions
8 Jan 2026Qualified Investor Classification

2025 Circulars (Selected Highlights)

DateSubject
24 Nov 2025UAE Federal AML Decree-Law Gap Assessment
21 Nov 2025EOCN Sanctions Screening Guidance
7 Nov 2025Risk Assessment Guidance (Rule III D)
10 Oct 2025CARF Public Consultation
31 Jul 2025Proprietary Trading Licence Code Reminder
24 Jul 2025CBUAE PTSR Non-Objection Registration
8 Jul 2025AML/CFT Committee Decision No. 6 of 2025
11 Jun 2025UAE National Risk Assessment
20 May 2025UAEFIU IEMS Requirements
19 May 2025Rulebook v2.0 Publication

Pace of Issuance

The circular issuance rate has accelerated significantly:

  • 2022: 2 circulars (Marketing Regulations, initial framework)
  • 2023: 15 circulars (major framework establishment year)
  • 2024: 5 circulars
  • 2025: 15+ circulars (regulatory intensification)
  • 2026 (through March): 4 circulars already

This acceleration reflects VARA’s maturation from framework establishment to active regulatory supervision. For licensed entities, each circular potentially creates new compliance obligations requiring policy updates, system changes, and staff training.

Institutional Access

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