The Ministry of Interior UAE and the Virtual Assets Regulatory Authority [VARA] have signed a Memorandum of Understanding (MoU), reaffirming their shared commitment to enhancing security and curbing illicit activities in the virtual asset space.

The MoU establishes a framework for cooperation which focuses on information exchange and a series of strategic initiatives. These initiatives cover, inter alia, the development of joint training programs, as well as electronic platforms designed to monitor and detect suspicious activities. The key objectives of this collaboration include:

- Strengthening consumer protection within the virtual asset market.
- Combating financial crimes, including money laundering and the financing of terrorism, through enhanced due diligence, monitoring, and enforcement mechanisms.
- Promoting market integrity and security for Virtual Asset Service Providers (VASPs) and investors.
- Ensuring only compliant VASPs are permitted to operate within the Emirate of Dubai, maintaining the integrity of the jurisdiction as leading global hub for virtual asset innovation.

This strategic partnership is another significant step in the UAE’s continued commitment to enhancing regulatory oversight and developing a well-regulated and trustworthy virtual assets environment for market participants and stakeholders. It highlights the UAE’s proactive approach in balancing innovation with security protocols, ensuring that the growth of the virtual asset sector remains sustainable, compliant with international standards, and aligned with the UAE’s broader regulatory vision.