The Virtual Asset Regulatory Authority (VARA) in Dubai has released a fee schedule for various services related to digital asset regulation. It includes fees for issuing no-objection certificates to proprietary traders, amending or withdrawing license applications, and reviewing whitepapers. Proprietary traders will need a no-objection certificate before engaging in proprietary trading in Dubai, with an annual fee of approximately $367. Registered digital asset firms seeking to amend their VARA license will need to pay around $184, while those wishing to withdraw from the country will have to pay a fee of $3,670. Whitepaper issuers seeking review under VARA’s Virtual Asset Issuance Rulebook will be charged a fee of $1,830, along with an additional fee of around $18,300 for a detailed review. Requests to amend whitepapers will also incur fees of $1,830 and up to $18,300. VARA may charge a fee of up to $1,090 for reviewing legal opinions or memorandums related to a firm’s virtual asset activity.
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