VARA Scan
Compliance

Avoid costly fines and Tether blocking with our comprehensive VARA compliance solutions. Get expert security audits, risk management and documentation designed to meet strict VARA standards.

Vara Compliance

  • 7+

    years of expirience

  • 1500+

    risk assessments completed

  • 6500+

    cyber security
    identified issues

  • ISO27001

    certified

Understanding VARA and its role in security

The Dubai Virtual Asset Regulatory Authority (VARA) is the world's first independent regulator for virtual asset service users (VASPs), aiming to create a safe and compliant environment.

A VARA license is essential for users wishing to operate legally and efficiently in free zones and on the Dubai mainland.

Vara logo

The licensing process enforces strict regulatory standards, instilling confidence in both investors and the entire market.

Risks of non-compliance:

Financial penalties ranging from AED 10,000 to AED 500,000 or more.

Freezing of funds, which temporarily stops withdrawals and exchanges.

Civil and criminal liability, including imprisonment in severe cases such as money laundering or fraud.

Complete blocking of funds, leading to permanent loss of funds.

vara logovara chairman
“VARA is committed to creating an advanced risk management system that protects Tether holders, sets global governance standards and supports Dubai's vision of a borderless economy.”

Helal Saeed Almarri

Chairman of VARA's Executive Board

Navigate VARA compliance with confidence and security

VARA requirements

1. Cybersecurity Policy & Governance

Hacken’s solutions

Align your strategy with VARA, DORA, ISO 27001, CCSS, and NIST standards, minimizing risks and demonstrating your commitment to security.

Reduced vulnerability to cyber threats and enhanced compliance.
VARA requirements

2. Cryptographic Keys & Wallet Management

Hacken’s solutions

Independent security audits based on the CCSS framework, ensuring robust key generation, management, and incident response.

Protection against unauthorized access and enhanced asset security.
VARA requirements

3. Security Testing & Audit

Hacken’s solutions

Thorough Web2 & Web3 security reviews, penetration testing, and vulnerability assessments, meeting all VARA requirements.

Identification and mitigation of potential security weaknesses.
VARA requirements

4. Virtual Asset Transactions Security

Hacken’s solutions

Expert review of transaction policies, signing mechanisms, and AML processes, with Hacken Extractor for advanced fraud prevention.

Secure and compliant transaction processing, reducing fraud risks.
VARA requirements

5. Client Virtual Assets Rules

Hacken’s solutions

Real-time and one-time Proof of Reserves services, ensuring accurate liability and reserve checks.

Transparent and verifiable asset management, building client trust.
VARA requirements

6. Algorithm Governance & Custody

Hacken’s solutions

Audit and validation of your key management framework, ensuring compliance with international security protocols.

Secure custody procedures and adherence to regulatory standards.
VARA requirements

7. Business Continuity & Risk Management

Hacken’s solutions

Customized Risk Management Framework, integrating real-world cyber threats for Web2 & Web3 assets.

Proactive risk mitigation and business continuity.
VARA requirements

8. Incident Response & Disaster Recovery

Hacken’s solutions

Design and implementation of Disaster Recovery, Key Recovery, and Incident Response plans.

Minimized downtime and rapid recovery from security incidents.
VARA requirements

9. CISO & Cybersecurity Leadership

Hacken’s solutions

Hacken’s vCISO Service provides experienced cybersecurity leadership, ensuring compliance readiness.

Enhanced security resilience and proactive compliance management.
VARA requirements

10. Employee Awareness & Security Training

Hacken’s solutions

Tailored staff awareness programs, security protocols, and test frameworks.

A security-conscious workforce and reduced risk of human error.
Hacken’s solutions

Align your strategy with VARA, DORA, ISO 27001, CCSS, and NIST standards, minimizing risks and demonstrating your commitment to security.

Reduced vulnerability to cyber threats and enhanced compliance.
Hacken’s solutions

Independent security audits based on the CCSS framework, ensuring robust key generation, management, and incident response.

Protection against unauthorized access and enhanced asset security.
Hacken’s solutions

Thorough Web2 & Web3 security reviews, penetration testing, and vulnerability assessments, meeting all VARA requirements.

Identification and mitigation of potential security weaknesses.
Hacken’s solutions

Expert review of transaction policies, signing mechanisms, and AML processes, with Hacken Extractor for advanced fraud prevention.

Secure and compliant transaction processing, reducing fraud risks.
Hacken’s solutions

Real-time and one-time Proof of Reserves services, ensuring accurate liability and reserve checks.

Transparent and verifiable asset management, building client trust.
Hacken’s solutions

Audit and validation of your key management framework, ensuring compliance with international security protocols.

Secure custody procedures and adherence to regulatory standards.
Hacken’s solutions

Customized Risk Management Framework, integrating real-world cyber threats for Web2 & Web3 assets.

Proactive risk mitigation and business continuity.
Hacken’s solutions

Design and implementation of Disaster Recovery, Key Recovery, and Incident Response plans.

Minimized downtime and rapid recovery from security incidents.
Hacken’s solutions

Hacken’s vCISO Service provides experienced cybersecurity leadership, ensuring compliance readiness.

Enhanced security resilience and proactive compliance management.
Hacken’s solutions

Tailored staff awareness programs, security protocols, and test frameworks.

A security-conscious workforce and reduced risk of human error.

Tailored VARA compliance roadmaps

Minimize risk and VARA compliance, no matter where you are in the process.

1

Asset Discovery Risk Management

Identify weak points, missing processes, and potential cyber risks. We provide a comprehensive risk assessment that aligns with VARA, DORA, NIST, CCSS, and ISO27001 standards.
2

Technical Security Testing

Conduct penetration tests, DApp audits, smart contract audits, and Layer 1/Layer 2 assessments to uncover vulnerabilities.
3

Implementation Remediation

Address security gaps with step-by-step guidance, process development, and security documentation tailored to your needs.
4

Independent VARA Audit Compliance Package

We ensure your company meets all regulatory cybersecurity requirements, providing full documentation and support during regulator discussions.

Ready to secure your Web3 future?

Check your crypto assets now for a free analysis and learn how we can help you navigate the complexities of VARA compliance.

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FAQ

VARA offers many benefits, including increased credibility and trust among cryptocurrency exchanges, access to a thriving Web3 ecosystem, and the ability to operate legally and safely in the Dubai market.
Timelines can vary, but are typically between 1 and 3 hours.
There is no charge for the scan. Costs may include legal and consulting fees as well as implementation of security measures.
Hacken provides comprehensive VARA compliance, from readiness assessments and licensing support to technical security testing and ongoing vCISO maintenance. We simplify the process, ensuring all requirements are met and you can operate with confidence in Dubai.