AFSA and Dubai Virtual Asset Regulatory Authority sign MoU to enhance cooperation in digital asset regulation

The Astana Financial Services Authority (AFSA) and the Dubai Virtual Asset Regulatory Authority (VARA) have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation, mutual assistance and the exchange of information in relation to digital and virtual asset activities in their respective jurisdictions.

The MoU establishes a formal framework for cooperation between two authorities in matters relating to licensing, supervision, enforcement and compliance concerning covered digital and virtual asset activities. The document reflects the shared commitment of AFSA and VARA to promote effective cross-border regulatory cooperation in an evolving area of financial services. It is intended to support supervisory coordination, facilitate the exchange of regulatory experience and best practices, and contribute to the integrity, transparency, and resilience of digital asset markets.

Evgeniya Bogdanova, Chief Executive Officer of AFSA, commented:
“We are building a more connected and coherent regulatory landscape for digital assets. Our partnership with VARA will help reduce fragmentation and enable smoother cross-border activity, fostering greater trust in the market. Such collaboration not only enhances regulatory effectiveness, but also promotes innovation by providing market participants with greater clarity and consistency across jurisdictions.”

Reference:

The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.
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The Astana International Financial Centre (AIFC) is an independent jurisdiction where investors and business meet emerging opportunities of Kazakhstan and Central Asia in a transparent and sustainable environment backed by the principles of English Common Law.
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Public Relations and Communications Division of AFSA,
[email protected]