Skip to main content
Entire section Custom print Text Only Rich Text Print

B. Power to Classify Virtual Assets

1. VARA may, in its sole and absolute discretion, classify, or otherwise provide clarification or opinion, by public notice either generally or in a specific case, on—
 
  a. any Virtual Asset, or type of Virtual Asset, as being prohibited in the Emirate;
  b. any Virtual Asset, or type of Virtual Asset, as being regulated by the CBUAE; or
  c. VARA’s interpretation, classification or regulatory treatment of any Virtual Asset or type of Virtual Asset.