Regulatory Compliance Accelerator
We help your organization achieving faster compliance towards VARA (Virtual Asset Regulatory Authority), ADGM FSRA (Abu Dhabi Global Market – Financial Services Regulation Authority) and CBB (Central Bank of Bahrain)
We help organizations comply to virtual asset regulations. The virtual asset industry is fraught with cyber threats, hacks, breaches, bad publicity and rightly so. We bring trust back into this nescient and ever-growing industry by helping various clients ranging from cryptocurrency exchange, centralized exchanges, OTC, crypto custody, crypto asset management firm, wallet providers, crypto brokerage, decentralized exchanges, DeFi and NFT marketplaces get regulated where applicable.
ADGM (UAE) – Regulation of Virtual Asset Activities
Being the first jurisdiction in the world to introduce a regulatory framework for virtual asset activities including exchanges and brokers; ADGM has put up security framework for any virtual asset related activity that focus on the technology governance and controls.
- Virtual Asset Wallet
- Private and Public Key
- Transaction Monitoring
- Cybersecurity and Resilience
- Cyber Risk Management
- Independent Security Audit
DWTCA (VARA) – Virtual Asset Regulatory Authority
VARA has aimed to protect investors from fraudulent schemes that have been proliferating across various countries around the world. It also aims to protect consumers from being exposed to risks related to virtual asset trading platforms, such as money laundering and terrorist financing. All virtual asset service providers are required to register themselves with VARA before operating in other business jurisdictions in the UAE.
CBB – Central Bank of Bahrain
The CBB has issued the Regulations with the aim of minimizing the risk of financial crime and illegal use of crypto-assets, as the market for crypto-assets sees an increasing growth and popularity across the globe. The CBB will pre-approve crypto-assets by taking into account overall cybersecurity systems & controls. The CBB rulebook for virtual assets service providers specifically focuses on establishing cybersecurity governances mentioned in CRA5.
DFSA (UAE) – Regulation of Investment Tokens
The Dubai Financial Services Authority (DFSA) prioritizes to regulate Investments tokens only at the moment, and advises consumers and potential investors to exercise caution and undertake due diligence to understand the risks involved when buying Crypto Assets.
