Dubai postpones crypto license registration deadline to November 17

The Dubai Virtual Asset Regulatory Authority(VARA)has extended the final deadline for virtual asset service providers to apply for VARA registration, operate or provide service licenses in Dubai to November 17, 2023. VARA urges VASPs who have not yet submitted their applications, missed notifications from commercial licensing agencies, or submitted incomplete forms to proactively contact them to avoid unexpected regulatory consequences. The agency stated that more than 1,000 traditional companies have already submitted registration applications under Dubai's regulatory framework.