#VARA Licensing Process

[translations-by-alexandra]

Toți dispăreau cu o sută douăzeci la oră

Și vara aceea tot așa s-a dus

Îmi explicai care sunt norii

Norii de vânt, de ploi

Și norii cumulus

Spuneai uită-te la mine

Spuneai și, uită-te, eu m-am uitat

Cu ochii în tavan mi-aduc aminte

Nu mai știu tot din vara aceea dar

Știu norii, știu la perfecțiune

Dac-o să plouă, dacă nu

Sau dacă-i vară iar

Spuneai cum te-ai uitat

Uitându-te la noi

Spuneai că te-ai uitat

Te uiți atât de bine-n amândoi

Uită-te dar să nu uiți

Uită-te  

TRANSLATION

They were all fading from view at 120km/h

And that summer went away just as quickly

You were explaining to me which clouds were which

The wind clouds, the rain clouds

And the cumulus clouds

You were saying look at me

You were saying this, and, look, I forgot myself

With my eyes fixed on the ceiling I reminisce

I don't remember everything from that summer

I know the clouds, I know them perfectly

If it's gonna rain or not

Or if it's summer again

You were saying how you forgot yourself

Looking at us

You were saying that you looked

You forget yourself so well in the two of us

Look but don't forget

Look

TRANSLATION NOTES

This is heavily adapted because the lyrics are huge on wordplay. I will try to explain my thought process line by line

1: lit: they were all disappearing with 120 per hour

2: lit: and that summer went away the same (poetic license: adding "just as quickly" for clarity)

3: you were explaining to me which were the clouds (but the obvious sense is that she was explaining the types of clouds, hence "which is which")

4: the wind clouds, the ones of the rains (for clarity: rain clouds)

Chorus:

Very important note! The main wordplay is on the verb "a se uita" which is a reflexive verb, but its so common in everyday use it rarely gets perceived as one. The most common meaning is to look. Its like a phrasal verb, if you will. However, if you take the individual words of the phrasal verb literally, you get the meaning of to forget oneself. "A uita" = to forget, "a se uita" = to look (in a phrasal verb sense), but if you take it literally, to forget oneself.

So literally:

You were saying look at me

You were saying, and, look, I looked

But it certainly has the double meaning of

You said this, and I forgot myself

In the "I lost myself in you" sense of forgetting

Verse 2

1: lit: with eyes in the ceiling I remind myself

2: I don't know anymore everything from that summer. "To not know anymore" is a common way of expressing "to forget" or "to not remember" in Romanian

3: I know the clouds, I know to perfection

4: if its gonna rain, if not

Chorus 2

The same pun but even more double meaning

You were saying how you looked

Looking at us

<- but that doesn't make sense so ofc the first one has the other meaning. Hence, you were saying how you forgot yourself, looking at us

You were saying that you looked

You look so well into the both of us

VS

You were saying you forgot yourself

You forget yourself so much in the both of us

VS

You were saying that you looked

You forget yourself so well into the both of us

VS

(The one I went with)

You were saying you forgot yourself

You look so well into the two of us

But honestly the ambiguity makes it such that all 4 are plausible enough interpretations.

End verse

Look but don't forget

Look

Or!

Look but don't forget

Forget yourself

[changingmindsmentalhealthcar]

The Role of Clinical Psychologists in Treating Depression in Varanasi

Depression is one of the most common yet misunderstood mental health conditions affecting millions of people across India, including the culturally rich city of Varanasi. Often dismissed as sadness or low energy, depression is a serious mental health disorder that requires professional intervention. Fortunately, clinical psychologists in Varanasi, such as those at Changing Minds Mental Health Care, are equipped with the expertise and tools needed to treat depression effectively.

In this blog, we explore the crucial role clinical psychologists play in diagnosing, managing, and treating depression, and how Changing Minds Mental Health Care in Varanasi is making a difference in people’s lives.

What Is Depression?

Depression is a mood disorder characterized by persistent feelings of sadness, hopelessness, loss of interest, fatigue, and a lack of motivation. It can affect one’s ability to perform daily tasks, maintain relationships, and enjoy life. It’s not just a phase—it’s a medical condition that needs timely support and treatment.

Signs and Symptoms of Depression

Persistent low mood or sadness

Loss of interest in hobbies or activities

Changes in appetite and sleep patterns

Fatigue or lack of energy

Feelings of guilt or worthlessness

Difficulty concentrating

Thoughts of self-harm or suicide

If you or someone you know in Varanasi is experiencing these symptoms, it’s time to consult a licensed clinical psychologist.

Who Is a Clinical Psychologist?

A clinical psychologist is a mental health professional trained in diagnosing and treating emotional, behavioral, and psychological disorders. Unlike psychiatrists, clinical psychologists do not prescribe medication. Instead, they use various forms of talk therapy (psychotherapy), assessments, and behavioral techniques to help individuals overcome mental health challenges, including depression.

The Role of Clinical Psychologists in Treating Depression

Comprehensive Assessment and Diagnosis

At Changing Minds Mental Health Care, clinical psychologists begin treatment with an in-depth psychological assessment to understand the root causes of depression. They use diagnostic tools, interviews, and psychometric tests to evaluate emotional, cognitive, and behavioral patterns.

Personalized Treatment Planning

Every individual experiences depression differently. Based on the assessment, the psychologist creates a personalized treatment plan that may include various types of therapies such as:

Cognitive Behavioral Therapy (CBT)

Interpersonal Therapy (IPT)

Mindfulness-Based Cognitive Therapy (MBCT)

Solution-Focused Brief Therapy (SFBT)

Evidence-Based Psychotherapy

Clinical psychologists in Varanasi employ evidence-based therapies like CBT, which focuses on identifying and challenging negative thought patterns and behaviors that contribute to depression. These techniques help clients develop healthier coping mechanisms and improve overall well-being.

Emotional Support and Psychoeducation

A psychologist acts as a supportive guide throughout the recovery process. They also educate patients and their families about the nature of depression, its triggers, and ways to manage it effectively. This support can reduce stigma and empower individuals to seek ongoing help.

Monitoring Progress and Adjusting Strategies

Treating depression is a dynamic process. Clinical psychologists track the individual’s progress and adjust the treatment plan as needed. Regular therapy sessions provide a safe space for clients to express themselves and work through emotional roadblocks.

Collaborating with Other Health Professionals

In moderate to severe cases of depression, a clinical psychologist may collaborate with psychiatrists, general physicians, or neurologists to provide holistic care. At Changing Minds, we work as a multidisciplinary team to ensure that every patient receives comprehensive treatment.

Why Choose Changing Minds Mental Health Care in Varanasi?

At Changing Minds, our clinical psychologists are certified, compassionate, and committed to mental wellness. We provide a range of services that cater to individuals, children, families, and couples dealing with psychological distress.

Here’s what makes us a trusted name in Varanasi:

Licensed clinical psychologists with years of experience

Personalized therapy and counseling sessions

Confidential and non-judgmental environment

Affordable and accessible care

Online and offline consultation options

Proven track record in treating depression, anxiety, trauma, and more

Real Impact: Success Stories from Varanasi

Many of our clients have overcome years of depressive episodes through consistent therapy and emotional support. One client, a 28-year-old professional, came to us battling severe depression and suicidal thoughts. Through CBT and regular counseling sessions, they gradually rebuilt their self-esteem, returned to work, and began enjoying life again.

Such transformations are possible with the right help at the right time.

When Should You See a Clinical Psychologist?

You should consider seeing a psychologist if:

Your feelings of sadness persist for more than two weeks.

You are unable to function normally at work or in relationships.

You are withdrawing from friends or family.

You’re experiencing panic attacks, anxiety, or suicidal thoughts.

Early intervention can prevent depression from worsening. Remember, mental health is just as important as physical health.

Conclusion

Depression is a serious but treatable condition, and clinical psychologists play a pivotal role in helping individuals manage and overcome it. In Varanasi, Changing Minds Mental Health Care stands out as a beacon of hope, providing expert care to those who need it most.

If you or someone you know is struggling with depression, don’t wait. Seek help from our experienced clinical psychologists today and take the first step toward recovery and a brighter future.

Book a session now at: Website: https://changingminds.in/

[nimbusconsultancy]

Navigating Crypto Licensing in the UAE and the Rise of Shariah-Compliant Digital Finance

The UAE continues to lead the global conversation around digital assets, combining regulatory foresight with an innovation-friendly environment.

Whether it’s the growing number of jurisdictions offering crypto licenses or the emergence of Islamic banking models tailored for digital assets, the UAE is redefining the boundaries of how crypto and blockchain technologies can be responsibly integrated into modern finance.

This move is also welcoming investment as more and more investors are getting interested in business setup in the UAE in the finance sector.

This post explores how foreign and local businesses can secure a crypto license in the UAE, the compliance landscape, and the recent rise of Islamic crypto banking, highlighting how the UAE is shaping the future of ethical, inclusive digital finance.

Crypto Licensing in the UAE – Things to Know

- What Is it?

Crypto licensing in the UAE is governed across several jurisdictions, each with its own authority and regulatory approach. These include:

· Securities and Commodities Authority (SCA) – responsible for licensing and regulating virtual assets across mainland UAE.

· Dubai Virtual Asset Regulatory Authority (VARA) – oversees crypto activity in Dubai (excluding DIFC) under Dubai Law No. 4 of 2022.

· Dubai Financial Services Authority (DFSA) – regulates crypto within the Dubai International Financial Centre (DIFC).

· Financial Services Regulatory Authority (FSRA) – handles the crypto framework for Abu Dhabi Global Market (ADGM).

Each authority defines crypto assets differently. The SCA treats them as electronic records representing value, while DFSA focuses on their role as either payment or investment tools. The FSRA, meanwhile, refers to them as digital representations of value that are not legal tender but can be traded.

- Steps to Secure a Crypto License in the UAE

For businesses interested in launching crypto-related services in the UAE, obtaining a license involves the following steps:

1. Define Your Business Activity Start by clearly identifying what kind of services your business will provide like cryptocurrency exchange, digital asset custody, advisory, or issuance. The licensing authority and application process depend on this categorization.

2. Select the Right Jurisdiction Choose the most appropriate regulatory body based on where you intend to operate. For example, companies operating in ADGM would apply through FSRA, while firms going for business setup in Dubai would go through VARA.

3. Prepare Core Documentation Comprehensive documentation is essential to demonstrate the business’s legitimacy and capacity. This typically includes:

· A detailed business plan;

· AML and KYC policies;

· Risk management procedures;

· A clear corporate governance structure.

- Meet Capital and Financial Requirements

Different regulators have varied capital thresholds and fee structures. For instance, VARA requires license fees ranging between AED 40,000 (US$10,890) to AED 100,000 (US$27,225), depending on the activity.

- Submit Your Application

Applications are submitted directly to the chosen regulator. This is followed by background checks, fit-and-proper tests, and a review of submitted documentation.

- Approval and Ongoing Obligations

Once approved, licensees must adhere to strict ongoing requirements such as annual audits, quarterly reports, customer data protection, and adherence to AML/CFT regulations.

- Key Compliance Requirements

Crypto businesses operating in the UAE must align with the country’s robust AML and compliance laws. This includes:

· Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk clients.

· Suspicious Activity Reports (SARs) submitted via the UAE’s goAML platform.

· Travel Rule compliance under Federal Decree-Law No. 20 of 2018 and Cabinet Resolutions No. 10 and 24 of 2019 and 2022, respectively.

· Record-keeping obligations, typically for up to eight years.

Non-compliance may lead to serious consequences, including hefty fines, license suspension, or even criminal liability.

- The Rise of Shariah-Compliant Crypto Banking

In a groundbreaking development for both fintech and Islamic finance, Ruya, a UAE-based Islamic digital bank, has become the first to launch a Shariah-compliant crypto trading service.

This feature, integrated into Ruya’s mobile app, allows customers to trade cryptocurrencies such as Bitcoin while staying in alignment with Islamic principles. Ruya’s platform is powered by Fuze, a licensed virtual asset provider, and is designed around Islamic values of fairness, transparency, and ethical investing.

The move not only expands access to digital assets for Muslims worldwide but also places the UAE at the forefront of inclusive financial innovation.

It highlights a significant step in reconciling crypto’s speculative nature with Islamic ethical standards.

- Key Takeaways for Crypto Licensing in the UAE

· Regulatory diversity: Each jurisdiction in the UAE has its own rules and authorities. Businesses must choose wisely based on scope and geography.

· Clear processes, but high standards: Documentation, compliance, and due diligence are non-negotiable.

· Strong emphasis on AML/CFT: Compliance with anti-money laundering rules is central to approval and ongoing operations.

· Growing ethical finance market: With initiatives like Ruya, the UAE is creating new opportunities for Shariah-compliant digital finance.

· Stablecoins are mainstreaming: Supported by regulators and embraced by the public, stablecoins are shaping the future of payment systems in the region.

Final Thoughts

As digital assets become an integral part of global finance, the UAE is strategically positioning itself as a safe, innovative, and forward-thinking jurisdiction for crypto businesses and company formation in the UAE.

For startups, fintechs, and institutional players alike, navigating the UAE’s regulatory landscape offers immense potential, but it also requires strategic planning, clear compliance, and a local understanding of how innovation and regulation intersect.

With the right guidance, crypto entrepreneurs can leverage the UAE’s frameworks to not only launch operations but help shape the next wave of ethical, inclusive, and global digital finance.

[dubaicompanys]

Dubai's Crypto Regulations: Establishing a Global Hub for Virtual Assets

Dubai's Crypto Regulations are rapidly transforming the city into a global blockchain and digital asset innovation powerhouse.

With a strategic vision and a proactive regulatory approach, Dubai is boldly moving to lead the world in virtual asset adoption. Its supportive government policies, infrastructure, and tech-forward mindset are driving international businesses to establish operations within the Dubai crypto ecosystem. In this blog, we’ll explore how these regulations are helping Dubai build a reliable, secure, and thriving market for cryptocurrencies and beyond.

The Role of Dubai's Crypto Regulations

Dubai's Crypto Regulations are designed to protect investors, ensure transparency, and encourage innovation. In 2022, the city made headlines by establishing the Virtual Assets Regulatory Authority (VARA), a government body responsible for licensing and monitoring virtual asset activities.

Key objectives of VARA include:

Setting clear operational rules for crypto businesses

Preventing financial crimes through AML and KYC requirements

Supporting the sustainable growth of the Dubai crypto ecosystem

Encouraging institutional and individual investments in digital assets

By creating a legal framework, Dubai is ensuring that businesses and users can engage in crypto activities without fear of unclear or changing laws.

Why Dubai? The Rise of a Blockchain-Friendly City

Dubai's position as a future-focused business hub makes it an ideal location for crypto innovation. Here are some reasons why:

✔ Business-Friendly Free Zones

Free zones like DMCC and DIFC offer full foreign ownership, zero taxes, and easy company setup for digital asset companies. These zones are essential to the expansion of the city’s digital economy.

✔ Strong Infrastructure

From advanced internet connectivity to world-class office spaces, Dubai offers the tools needed to grow fast-paced tech businesses.

✔ Legal Clarity

Unlike other global regions with uncertain policies, Dubai has taken a clear and open stance toward crypto, building confidence among investors and entrepreneurs.

✔ Global Accessibility

Dubai is a global travel and trade hub, which makes it attractive to blockchain companies looking to connect with markets in Asia, Europe, and Africa.

Licensing Process for Crypto Companies

To operate legally, crypto firms in Dubai must register under VARA. Here's how the process works:

Choose Your Free Zone: Select a crypto-friendly zone such as DMCC or DIFC.

Submit Required Documents: This includes business plans, passport copies, and compliance information.

Get Approval from VARA: Once due diligence is completed, you receive the operating license.

Stay Compliant: Regular reporting and auditing are required as part of the regulatory framework.

Building the Dubai Crypto Ecosystem

Dubai’s digital economy is not just about buying and selling crypto. It’s a comprehensive ecosystem that includes:

Blockchain startups

NFT platforms

Crypto payment providers

Digital wallets and exchanges

Web3 gaming companies

With increasing government support, these players are working together to build new financial models and decentralized solutions that go far beyond just virtual currencies.

Pro Tips for Setting Up a Crypto Business in Dubai

Thinking of launching your blockchain project or crypto venture in Dubai? Here’s how to set yourself up for success:

🔹 Partner with Local Experts

Work with consultants familiar with local regulations to avoid delays and ensure full compliance.

🔹 Select the Right Free Zone

Each zone has different benefits—choose one that fits your growth plans and infrastructure needs.

🔹 Build Credibility from Day One

Secure your legal documentation, create a clean brand image, and be transparent with users.

🔹 Join the Community

Attend networking events, blockchain meetups, and conferences happening within the Dubai crypto ecosystem to meet investors and collaborators.

🔹 Keep Learning

Crypto regulations evolve—stay updated through VARA announcements and crypto news channels.

FAQs

Q1: What is the Virtual Assets Regulatory Authority (VARA)?

A1: VARA is the regulatory body responsible for overseeing and implementing Dubai's Crypto Regulations. It ensures all crypto businesses comply with local laws and operate ethically.

Q2: Can I open a crypto trading platform in Dubai as a foreigner?

A2: Yes, Dubai allows 100% foreign ownership in certain free zones, which supports easy setup for international crypto trading platforms.

Q3: Why is Dubai considered attractive for blockchain-based businesses?

A3: Dubai offers a favorable business environment with strong infrastructure, government support for innovation, tax incentives, and a fast-growing tech sector, making it a compelling choice for blockchain ventures.

Q4: Are NFTs and DeFi projects regulated in Dubai?

A4: Yes, these projects fall under VARA’s scope and must comply with transparency and risk management.

Q5: Is it expensive to set up a crypto company in Dubai?

A5: Costs vary by free zone and business model, but the Dubai crypto ecosystem provides options for startups, mid-sized firms, and large enterprises alike.

Conclusion

Dubai's Crypto Regulations are more than just rules—they’re the foundation of a bold vision for the future. With clear policies, modern infrastructure, and international appeal, Dubai is not only inviting blockchain companies but also giving them a place to grow safely and smartly.

As the Dubai crypto ecosystem continues to expand, global players are setting their sights on this vibrant city as a launchpad for innovation. Whether you’re an investor, developer, or entrepreneur, Dubai is where tomorrow’s digital economy is being built today.

[finjuriscounsel]

Navigating the Digital Horizon: The Evolution of Crypto License Dubai and Crypto License UAE

In recent years, the United Arab Emirates (UAE), particularly Dubai, has emerged as a key player in the global blockchain and cryptocurrency landscape. The embracement of digital innovation has been met with a forward-thinking regulatory approach, culminating in the introduction of comprehensive crypto licensing frameworks. This article delves into the intricate world of crypto licenses in Dubai and the UAE, exploring the regulatory landscape, the impact on the crypto industry, and the implications for businesses and investors.

1. The Genesis of Crypto Regulation in Dubai:

The journey towards crypto regulation in Dubai has been marked by a deliberate and progressive approach. Recognizing the transformative potential of blockchain and digital assets, regulatory authorities have sought to create a framework that fosters innovation while ensuring consumer protection and financial integrity. The regulatory groundwork has been laid with the aim of positioning Dubai as a global hub for crypto-related activities.

2. Dubai's Regulatory Authority and the Crypto License Framework:

The emergence of Dubai’s Virtual Assets Regulatory Authority (VARA) along with the regulatory framework established by them has been a massive gamechanger for the industry. Leaving all the major “pro-technology” cities behind, Dubai has created its own mark in the world.

As its name suggests, Virtual Assets Regulatory Authority (VARA) aims to bring order in the virtual assets space and to offer a world-class regulatory framework in the emirate of Dubai to safeguard investors, maintain high levels of risk assurance, and encourage virtual asset innovation. No virtual assets service providers (VASPs) are permitted to carry out their operations in Dubai without obtaining license from VARA in accordance with the activities carried out by the VASPs.

Crypto license Dubai and crypto license UAE cover a spectrum of activities, including cryptocurrency exchanges, wallet services, and other blockchain-based businesses. Applicants for these licenses must undergo a rigorous vetting process, demonstrating financial stability, adherence to anti-money laundering (AML) and know your customer (KYC) regulations, and robust security measures.

3. Regulatory Compliance and the Varied Crypto Ecosystem:

One of the primary objectives of the crypto license framework is to ensure regulatory compliance across the diverse crypto ecosystem. From cryptocurrency exchanges facilitating the trading of digital assets to wallet services securing users' holdings, the licensing process aims to create a transparent and accountable environment. The compliance standards set by VARA are designed to address potential risks and vulnerabilities inherent in the crypto space.

4. Impact on Businesses and Investor Confidence:

The introduction of crypto license Dubai and crypto license UAE has had a profound impact on businesses operating in the digital asset space. Obtaining a crypto license not only grants legal legitimacy but also instils confidence in investors and users. The assurance of regulatory oversight contributes to a more secure and transparent environment, attracting both local and international investments in the burgeoning crypto market.

Businesses that have successfully acquired crypto licenses find themselves at the forefront of the industry, positioned to provide services with a seal of regulatory approval. This legitimacy fosters trust, an essential factor in an industry that has historically grappled with scepticism.

5. Dubai's Position in the Global Crypto Landscape:

Dubai's proactive stance on crypto regulation places the city at the intersection of traditional finance and emerging digital technologies. The regulatory clarity provided by VARA positions Dubai as a favourable destination for crypto businesses seeking a supportive regulatory environment. It also attracts blockchain innovators and enthusiasts, fostering an ecosystem where ideas can flourish.

Moreover, Dubai's regulatory framework aligns with international best practices, contributing to the city's integration into the global crypto landscape. This alignment facilitates cross-border collaborations, potentially positioning Dubai as a conduit for international investments and partnerships in the crypto space.

6. Future Prospects and Evolving Regulations:

As the crypto industry continues to evolve, so too will the regulatory frameworks governing it. Dubai's commitment to staying abreast of technological advancements and market dynamics positions it to adapt and refine its regulations accordingly. VARA is likely to play a key role in shaping the future of crypto regulation in the region, potentially introducing amendments and expansions to accommodate emerging trends.

The future prospects for crypto licenses in Dubai are intertwined with the broader global dialogue on digital assets. The city's agile regulatory approach positions it to attract further investments and contribute to the development of innovative solutions in blockchain and cryptocurrency technologies.

The introduction of crypto licenses in Dubai and the UAE reflects a strategic vision to leverage the potential of blockchain and digital assets while safeguarding the interests of investors and the integrity of the financial system. Dubai's journey from a bustling financial centre to a burgeoning crypto hub underscores the adaptability of regulatory frameworks in the face of technological innovation.

As businesses and investors continue to navigate the digital landscape, the crypto license framework in Dubai serves as a beacon of legitimacy and security. The dynamic synergy between regulatory authorities, businesses, and investors is poised to shape the future of crypto in Dubai and position the city as a leader in the global crypto revolution.

[inchbrick-realty]

Want To Buy Property With Cryptocurrency In Dubai ? : Step-By-Step Guide

Virtual currencies such as Bitcoin and Ethereum are actively used to buy properties in real estate. Dubai has gone further than most countries and was the first to introduce the ability to sell, rent or buy real estate using cryptocurrencies or Bitcoin.

The crypto market can be extremely volatile at times, which is why many crypto investors are diverting their funds into a more stable investment such as real estate.

What is cryptocurrency?

Cryptocurrency is basically a digital version of money that is based on cryptographic technology or an immutable code. Cryptocurrencies are based on blockchain technology, which is essentially a decentralised database that cannot be altered or hacked.

Regulation of cryptocurrencies and blockchain in Dubai

VARA was established to provide a secure and advanced operating framework for the virtual asset (VA) sector that is capable of scaling while ensuring market and investor protection, and expects it to regulate the principles of services and activities rather than the constantly evolving products and underlying technologies. This bold move reflects the Dubai government’s confidence that virtual assets are an integral part of the future digital economy and its willingness to establish the emirate as a world capital for virtual assets. Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its metaverse headquarters in the dynamic virtual world "The Sandbox".

As the first regulator in the world to debut in the metaverse, VARA aims to ensure that the regulator is accessible to the industry in its environment and facilitate collaboration between global Virtual Asset Service Providers (VASPs), industry thought leaders and international regulators.

Government initiatives

Through these types of projects, the country aims to drive government efficiency, industrial development and international leadership. The blockchain strategy initiatives led by Sheikh Mohammed bin Rashid Al Maktoum will help make Dubai a prosperous city.

The cryptocurrency system and blockchain will be actively introduced into the economy and will help to conduct business without any bureaucracy. Blockchain will be used in the real estate industry to create a registry of all properties in Dubai, which will be developed by the Dubai Land Department (DLD).

Buying, Selling or Leasing A Properties With Inch & Brick Realty

If you want to sell, rent or buy real estate in Dubai using cryptocurrencies, we recommend that you work with companies that have already been successful with such transactions.

Inch & Brick Realty works with reputable financial brokers who have an impeccable reputation in the digital market and are licensed by the Dubai Financial Authority. The merchant licence allows you to accept cryptocurrencies and exchange them into UAE Dirhams (AED). (Even if you buy a property with virtual currency, you cannot pay for it directly. The UAE Central Bank stipulates that all transactions within the country must be made in the local currency. Therefore, transfer the digital currency to the trading company and wait until you receive a check for the agreed amount to pay for the property)

This process can be carried out in any cryptocurrency such as Bitcoin, Ethereum, US dollars or other digital currencies at a fixed price during trading at the trading company's headquarters. The transaction price is set according to the current cryptocurrency price and the amount of commission can be discussed with us in advance.

The process of purchasing cryptocurrencies is very simple. Buyers should open a cryptocurrency wallet if they don't already have one. Registration for the wallet can be done by individuals or companies. Regardless of the payment method chosen, a real estate transaction usually begins with the selection of the property, followed by a discussion of the terms of the contract. At this stage, the buyer and seller discuss the key milestones of the transaction. This is later recorded in the purchase contract. The property price quoted in UAE dirhams is converted into cryptocurrencies such as Bitcoin. The amount is stated in the contract and cannot be changed. Seller and buyer are not responsible for exchange rate fluctuations.

The buyer then needs to transfer the agreed amount of virtual currency to the trading company's digital wallet and pay the commission amount. The buyer is then given a check for AED and can either transfer the required amount to the escrow account of the particular property if the transaction is an off-plan property or transfer the funds to the seller's account. If you intend to buy directly from the developer, you will need to sign a special contract form for third party transactions. The check will then be delivered to the developer and the buyer will receive a notification about the transfer. If the buyer is interested in a completed property, he can pay for the unit after receiving a check in AED. The real estate agent will then work on the deal and help you get the title.

Please note that price fluctuations may make a purchase or lease agreement transaction unprofitable for one party and may result in termination of the contract. In addition to the trading company's service fees, the buyer must pay the Lands Department registration fees (4% of the total property price) and real estate brokerage fees (2%).

What documents do you need to buy real estate with cryptocurrency?

To buy a property with cryptocurrency, you need the same documents that are required for an ordinary money transaction. First, a preliminary contract is drawn up in English or Arabic. Then, it is important to use the services of a professional real estate agent who will help you select the property, collect and prepare documents and fill out the contract correctly.

You will need the following documents for the transaction:

International passport

Identity document (ID)

Proof of residential address

Contact information

A power of attorney if your representative is carrying out the transaction

Inch & Brick Realty prides itself on making this a seamless process for both buyer and seller, managing every aspect of the buying process.

Contact us today to find out more information.

[finjuris-dubai]

Virtual Asset Licensing with VARA

The Dubai Virtual Assets Authority (VARA), an affiliate of the Dubai World Trade Centre Authority (DWTCA), was established in February 2022 by the UAE’s Virtual Assets (VA) Law as the competent entity in charge or regulating, supervising, and overseeing all Virtual Assets Service Providers (VASPs) and virtual assets activities across the Emirate of Dubai (excluding the Dubai International Financial Centre or DIFC). In March 2022, shortly after being officially established, VARA announced a 4- stage licensing process allowing applicants to progress through a tiered approval gateway, as depicted in the image below. All applicants must go through the 4 stages, where VARA evaluates and ensures applicants operate within its regulatory framework, before granting them a Full Market Product (FMP) License.

[igreatdreamblog]

https://hhslawyers.com/blog/vara-license-application-process-in-dubai-a-comprehensive-guide/

[dubaicompanys]

Why Dubai is the Best Place for Blockchain Startups in 2025

Why Choose Dubai for Blockchain Startups in 2025?

Dubai’s leadership has shown a strong commitment to adopting and promoting blockchain technology. Here’s why Dubai is the best place to launch and grow blockchain businesses:

1. Government Support & Blockchain Strategy

Dubai launched the Dubai Blockchain Strategy, aiming to make the city a blockchain-powered government. This initiative ensures:

50% of government transactions will be conducted using blockchain by 2030.

A supportive legal framework for blockchain businesses.

Funding and grants for blockchain entrepreneurs.

2. Tax-Free Business Environment

Dubai offers one of the most business-friendly tax policies in the world:

0% corporate tax for most blockchain businesses.

No personal income tax for entrepreneurs and employees.

Free zones that allow 100% foreign ownership and tax exemptions.

3. Advanced Digital Infrastructure

Dubai is one of the most technologically advanced cities in the world. Its digital infrastructure includes:

High-speed 5G internet.

Smart city initiatives integrating blockchain technology.

Secure and transparent blockchain-based public services.

4. Easy Business Setup Process

Setting up a blockchain business in Dubai is fast and efficient. With digital portals like the Dubai Department of Economic Development (DED) and free zone authorities, entrepreneurs can register their businesses in just a few days.

5. Access to a Thriving Blockchain Ecosystem

Dubai is home to numerous blockchain startups, tech accelerators, and blockchain events. Entrepreneurs can benefit from:

Networking opportunities with investors and industry experts.

Collaboration with government blockchain projects.

Access to incubators and funding programs dedicated to blockchain startups.

6. Global Talent Hub

Dubai attracts top talent from around the world, making it easier for blockchain startups to find skilled developers, engineers, and blockchain experts. The city’s visa-friendly policies allow businesses to hire and retain international talent.

7. Strong Financial & Investment Support

Dubai has a strong financial sector that actively supports blockchain ventures. The city offers:

Venture capital funding for blockchain startups.

Government-backed fintech and blockchain accelerators.

Crypto-friendly banks and payment gateways to facilitate blockchain transactions.

8. Regulatory Clarity & Legal Framework

Unlike many countries where blockchain regulations are still unclear, Dubai has clear policies for blockchain businesses. The Virtual Assets Regulatory Authority (VARA) oversees blockchain and cryptocurrency businesses, ensuring compliance and legal security.

9. Strategic Location & Global Connectivity

Dubai’s geographical location makes it an ideal hub for blockchain startups aiming for global reach. With its world-class airports, trade connections, and easy access to Middle Eastern, Asian, and European markets, blockchain entrepreneurs can connect with investors and clients worldwide.

10. Rise of Blockchain-Based Real Estate and Fintech Solutions

Dubai’s real estate and finance industries are rapidly adopting blockchain solutions. Smart contracts, digital ownership, and blockchain-driven payment solutions are becoming mainstream. This presents a huge opportunity for startups focusing on decentralized finance (DeFi), tokenized assets, and real estate blockchain applications.

Challenges and How Dubai Overcomes Them

While blockchain startups face challenges like regulatory concerns and adoption barriers, Dubai provides:

Clear licensing procedures for blockchain businesses.

Government-backed pilot programs to test new blockchain solutions.

Educational initiatives to increase blockchain awareness and adoption.

[coinmystique]

Custody service supplier Komainu has obtained a full working license from Dubai’s Digital Asset Regulatory Authority (VARA), permitting it to supply a wider vary of companies to its institutional purchasers.After a prolonged course of spanning practically 12 months, VARA granted a digital asset service supplier license on Komainu. In July 2022, Komainu obtained provisional regulatory approval and adopted it up with a minimal viable product (MVP) allow in November.With the complete license, the agency says it'll roll out a set of companies for purchasers exterior its conventional custody providing. It additionally has plans to launch institutional staking and collateral administration companies for enterprise purchasers in Dubai.“We see tremendous opportunities to scale our business here amid a significant boom in assets driven by fund formation and exchange launches,” mentioned Komainu’s Head of Technique, Sebastian Widmann.Komainu, launched in 2018 as a three way partnership between Japan-based Nomura (NASDAQ: NRSCF) and CoinShares (NASDAQ: CNSRF), introduced a Dubai-based entity in compliance with VARA’s regulatory necessities. The agency disclosed that it'll use the momentum from the receipt of the license to broaden to new jurisdictions within the Center East.“Dubai has a vibrant digital asset ecosystem and impressive talent pool, and we are proud to contribute to the growth of this innovative financial hub,” mentioned Widmann. “Our presence and desirable regulatory status in the region marks another differentiator for us as we execute the next phase of our business.”Komainu at the moment operates in Singapore, Dublin, and London. It stays unclear whether or not the agency will pursue registrations in North America.For the reason that center of 2022, a number of companies have adopted Komainu to hunt licensing in Dubai, together with Binance, OKX, BitOasis, and the defunct FTX change. Dubai’s clear digital forex guidelines, low taxes, expertise pool, and in depth regulatory compliance help entice the companies.VARA’s carrot-and-stick strategy to regulationRegardless of VARA’s seemingly pleasant stance towards the asset class, the regulators have reiterated its dedication to uphold excessive compliance requirements.In July, the digital forex watchdog revoked BitOasis’ conditional license for failing to adjust to stipulated necessities, with the affected change pledging to “remediate all outstanding post-licensing conditions.”The regulators have imposed hefty fines on OPNX and its executives for failing to comply with the foundations on digital forex promotions because it considers continuing with a full-scale lawsuit.Watch: Dubai hub is placing BSV blockchain on the map within the Center East[embed]https://www.youtube.com/watch?v=Pst7o4K_Bj8[/embed] width=”560″ top=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>New to blockchain? Take a look at CoinGeek’s Blockchain for Rookies part, the final word useful resource information to study extra about blockchain know-how.Supply: https://coingeek.com/dubai-vara-grants-komainu-full-operating-license-after-rigorous-process/!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','992624061882522');fbq('track','PageView');