UAE Crypto License 2025
Regulations surrounding cryptocurrencies in Dubai are evolving. It is no longer something of the future, and the UAE is taking action to lead the way in future economic growth, including the licensing of cryptocurrencies.
In some free zones of Dubai, you can already open a cryptocurrency license. The Dubai Virtual Asset Regulation Law was put into effect in 2022, and the Virtual Asset Regulatory Authority (VARA) was created.
Since then, the VARA has released several rules, one of which is that cryptocurrency exchanges must apply for a license in order to conduct business in Dubai.
The VARA has previously granted licenses to several prominent cryptocurrency exchanges, such as Binance, Coinbase, and Bybit.
The Abu Dhabi Global Market (ADGM) has its own cryptocurrency regulatory structure in addition to the VARA. Gemini and Rain are among the cryptocurrency exchanges that have received licenses from the ADGM Financial Services Regulatory Authority (FSRA).
Thus, it is expected that the United Arab Emirates will develop into one of the world’s crypto hubs, serving the entire region.For the most recent information about cryptocurrency licensing in the United Arab Emirates, get in touch with JSB Incorporation advisors.
Where to get the crypto license in UAE
The following locations in the UAE are currently suitable for starting a cryptocurrency business:
ADGM crypto license
Located in the capital of the United Arab Emirates, Abu Dhabi Global Markets is a regulated financial free zone. Regulations governing the use of cryptocurrency assets were developed in 2018. It currently provides a wide range of business operations related to cryptocurrency assets:
- Crypto exchange license
- Crypto asset custodian
- Buying, selling, and exercising any right in accepted crypto assets
- Managing another person’s crypto assets
- Providing custody of crypto assets and making arrangements with a view to another person
- Marketing of crypto assets
DMCC crypto license
DMCC is a leader in offering cryptocurrency licenses in Dubai despite not being a regulated financial free zone. At the moment, DMCC provides the following kinds of company setups relating to cryptocurrency:
- Distributed ledger technology services
- Proprietary trading in crypto commodities
- NFTs E-marketplace provider
- Metaverse services provider
DWTC free zone crypto license
The Securities and Commodities Authority will oversee the DWTC’s issuance of cryptocurrency-related licenses, making it one of the first free zones to do so. The following activities are available:
- Proprietary trading in crypto-commodities
- Distributed ledger technology services
DAFZA crypto license
At the moment, DAFZA only provides one type of cryptocurrency license, which is:
- Proprietary trading in crypto-commodities
How to get a UAE crypto license?
The specific business activity you intend to engage in will determine the licensing authority selection, registration procedure, and associated expenses.
In general, the steps involved in registering a cryptocurrency company in the United Arab Emirates are as follows:
- Identify your business activity
- Prepare business plan
- Apply to the registering authority where you want to be licensed
- Meet regulatory requirements
- Get your license
Naturally, there will be different regulatory criteria for establishing a private training company or a cryptocurrency exchange. There will also be a significant difference in the costs and capital needs.
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Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
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+971 4 824 4842
info@jsbincorporation.com
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Crypto regulations in UAE
The primary government agency that establishes guidelines for cryptocurrency operations in the United Arab Emirates is the Securities and Commodities Authority (SCA). The majority of cryptocurrency assets that are listed on organized marketplaces are subject to the Crypto Asset Regulations.
The UAE Central Bank governs payment tokens like stable coins and stored value facilities.
Although it complies with SCA standards, the ADGM free zone has its own guidance on crypto asset activities.
The Financial Services Regulatory Authority (FSRA) has direct control over ADGM and has its own set of rules and guidelines that must be followed.
Crypto asset risks
The UAE is recognizing the risk of cryptocurrency assets. The following are the primary risks:
- Money laundering
- Financing of terrorism
Any business that deals in cryptocurrency assets must have comprehensive rules in accordance with the following:
- Anti-money laundering and anti-terrorism financing laws in the United Arab Emirates
- Rules and Guidance on Anti-Money Laundering and Sanctions (ADGM)
- FATF recommendations are among the international best practices.
It is crucial to adhere to international standards for risk mitigation and transparency. These will be the main principles:
- Risk-Based Approach
- Business Risk Assessment
- KYC and Due Diligence
- Governance, Systems and Controls
- Reporting Obligations
- Record Keeping
To be within the law, the UAE requires all businesses that deal with cryptocurrency to adhere to certain guidelines.
Dubai crypto license costs
| Authority | Cost |
|---|---|
|
DMCC crypto license |
44,500 AED + 4,200 visa fee |
|
DAFZA crypto license |
41,625 AED with 6 sqm office |
|
DWTC crypto license |
25,050 AED including visa
|
|
ADGM |
15,000 USD |
Conclusion
JSB Incorporation is a trusted partner for businesses seeking a UAE Crypto License, offering end-to-end assistance in company formation, regulatory compliance, and licensing.
With in-depth expertise in the UAE’s crypto regulations and strong industry connections, JSB ensures a smooth, hassle-free process for entrepreneurs looking to establish a legitimate crypto business in the region.
Book your free consultation call today with the experts of JSB Incorporation to get started.
FAQs
The process typically takes 4 to 8 weeks, depending on requirements.
The capital requirements vary by jurisdiction but usually start from AED 40,000.
Yes, most jurisdictions require a physical office in the UAE.
Yes, a UAE crypto license allows crypto trading, exchange, and brokerage services.
Yes, all crypto businesses must comply with Anti-Money Laundering (AML) and KYC laws.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com