VARA Compliance
Avoid costly fines and license revocation with our end-to-end VARA compliance solutions. Get expert security audits, risk management, and documentation, tailored to VARA's rigorous standards.
7+
years of expirience
1500+
risk assessments completed
6500+
cybersecurity issues found
ISO27001
certified
Understanding VARA and its role in Web3 security
Dubai's Virtual Assets Regulatory Authority (VARA) is the world's first independent regulator for virtual asset service providers (VASPs), aiming to create a secure and compliant environment.
A VARA license is crucial for Web3 companies looking to operate legally and effectively in Dubai’s free zones and mainland (excluding DIFC).
The licensing process ensures adherence to robust regulatory standards, instilling confidence in both investors and the wider market.
Non-compliance risks:
Financial fines ranging from AED 10,000 to AED 500,000 or more.
License suspension, which temporarily halts business operations.
License revocation, leading to the permanent closure of the business.
Civil and criminal liabilities, including imprisonment in severe cases like money laundering or fraud.
Helal Saeed Almarri
Chairman of VARA's Executive BoardWho needs a VARA license?
If your company operates in any of the following virtual asset sectors, compliance isn’t optional—it’s essential:
Crypto Exchanges & Trading Platforms
Prevent hacks and fraud, ensure seamless transactions, and safeguard your reputation in a competitive market.
Token & NFT Issuance
Protect your investors, maintain market confidence, and avoid regulatory hurdles.
Crypto Investment & Advisory Services
Demonstrate security and compliance, build client relationships, and operate with confidence in Dubai.
Digital Asset Custody & Wallets
Secure your clients' virtual assets with robust compliance measures and build a reputation for reliability and trust.
DeFi Platforms & Lending Services
Protect investment strategies, operate within regulatory boundaries, and enhance market credibility.
Payment & Remittance Services
Ensure secure transfers, mitigate fraud, and build client trust.
Blockchain Governance & Project Management
Maintain compliance, build investor confidence, and ensure project sustainability.
A single compliance oversight can lead to crippling fines, immediate license suspension, and irreparable damage to your reputation. Don't risk your project’s future.
A single compliance oversight can lead to crippling fines, immediate license suspension, and irreparable damage to your reputation. Don't risk your project’s future.
Navigate VARA compliance with confidence and security
1. Cybersecurity Policy & Governance
Hacken’s solutionsAlign your strategy with VARA, DORA, ISO 27001, CCSS, and NIST standards, minimizing risks and demonstrating your commitment to security.
2. Cryptographic Keys & Wallet Management
Hacken’s solutionsIndependent security audits based on the CCSS framework, ensuring robust key generation, management, and incident response.
3. Security Testing & Audit
Hacken’s solutionsThorough Web2 & Web3 security reviews, penetration testing, and vulnerability assessments, meeting all VARA requirements.
4. Virtual Asset Transactions Security
Hacken’s solutionsExpert review of transaction policies, signing mechanisms, and AML processes, with Hacken Extractor for advanced fraud prevention.
5. Client Virtual Assets Rules
Hacken’s solutionsReal-time and one-time Proof of Reserves services, ensuring accurate liability and reserve checks.
6. Algorithm Governance & Custody
Hacken’s solutionsAudit and validation of your key management framework, ensuring compliance with international security protocols.
7. Business Continuity & Risk Management
Hacken’s solutionsCustomized Risk Management Framework, integrating real-world cyber threats for Web2 & Web3 assets.
8. Incident Response & Disaster Recovery
Hacken’s solutionsDesign and implementation of Disaster Recovery, Key Recovery, and Incident Response plans.
9. CISO & Cybersecurity Leadership
Hacken’s solutionsHacken’s vCISO Service provides experienced cybersecurity leadership, ensuring compliance readiness.
10. Employee Awareness & Security Training
Hacken’s solutionsTailored staff awareness programs, security protocols, and test frameworks.
Tailored VARA compliance roadmaps
Optimize your VARA licensing and compliance, no matter your current stage.
Asset Discovery & Risk Management
Technical Security Testing
Implementation & Remediation
Independent VARA Audit & Compliance Package
Ready to secure your Web3 future?
Contact us today for a free consultation and learn how we can help you navigate the complexities of VARA compliance.
FAQ
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