UAE – Dubai (VARA) OTC Trading Desk – Compliant Development
Launch an OTC trading desk in UAE – Dubai (VARA) with compliance controls mapped to VARA. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
UAE – Dubai (VARA) · OTC Trading Desk
VARA regulates virtual asset activities in Dubai (excluding DIFC). Licenses are activity-specific: exchange, custody, broker-dealer, transfer, and more.
| Jurisdiction | UAE – Dubai (VARA) |
|---|---|
| Regulator | VARA |
| Product | OTC Trading Desk |
Software
Built-in compliance controls
- RFQ, quote, and block-trade workflows with approval chains
- Counterparty KYC and credit/limit management
- Settlement tracking and nostro/vostro reconciliation
- Trade blotter exports for compliance and finance
- Integration with liquidity providers and custodians
- Implement KYC checks for all clients.
- Monitor trades for compliance with AML regulations.
- Maintain transaction records for regulatory reporting.
- Use secure communication channels for trade execution.
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is an OTC trading desk?
- An OTC trading desk facilitates the buying and selling of cryptocurrencies directly between parties, often for larger volumes.
- What compliance is required for OTC trading desks?
- OTC trading desks must comply with KYC and AML regulations set forth by VARA.
- Can I operate an OTC trading desk without a VARA license?
- No, a VARA license is required to operate an OTC trading desk in Dubai.