This Week In Crypto Asia: UAE Streamlines Crypto Oversight, India Cracks Down On Crypto Scammers

Another week has come to a close, bringing massive changes to the Asian crypto landscape. From regulatory changes and bringing the heat to crypto scammers to raising capital, a lot has happened this week in the Asian crypto landscape. Here’s the top three rundown. UAE’s VARA And SCA Unite To Streamline Crypto Regulations Coming in.. The post This Week In Crypto Asia: UAE Streamlines Crypto Oversight, India Cracks Down On Crypto Scammers appeared first on 99Bitcoins.

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Aug 10, 2025 - 20:00

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Another week has come to a close, bringing massive changes to the Asian crypto landscape. From regulatory changes and bringing the heat to crypto scammers to raising capital, a lot has happened this week in the Asian crypto landscape. Here’s the top three rundown.

UAE’s VARA And SCA Unite To Streamline Crypto Regulations

Coming in hot from West Asia, Dubai’s Virtual Assets Regulatory Authority (VARA) and the UAE’s Securities and Commodities Authority (SCA) have collaborated to harmonise their approach towards crypto regulation.

The regulatory bodies formalised their partnership after declaring their intention to work together in September last year.

According to an article published on 7 August 2025, the partnership will allow Dubai-based licenses to service the entirety of the UAE. The publication quotes a VARA spokesperson stating, “In essence, the 2024 MOU was a starting point. The current partnership is its formal and functional implementation.”

While the agreement introduces mutual license recognition between the SCA and VARA, it stops short of offering automatic passporting across jurisdictions. In layman’s terms, a VASP (Virtual Asset Service Provider) license issued by either of the two authorities is acknowledged by the other, but only after meeting coordination protocols and regulatory checks.