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B. Power to Classify Virtual Assets

Effective from Feb 07 2023 - Feb 06 2023
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1. VARA may, in its sole and absolute discretion, classify, or otherwise provide clarification or opinion, by public notice either generally or in a specific case, on—
 
  a. any Virtual Asset, or type of Virtual Asset, as being prohibited in the Emirate;
  b. any Virtual Asset, or type of Virtual Asset, as being regulated by the CBUAE; or
  c. VARA’s interpretation, classification or regulatory treatment of any Virtual Asset or type of Virtual Asset.