NeosLegal Introduces Cryptocurrency License Tracker for UAE VASPs in 2026

NeosLegal Launches the UAE VASP License Tracker 2026

In June 2026, NeosLegal, the first crypto-native law firm in the United Arab Emirates (UAE), announced the introduction of the "UAE VASP License Tracker 2026." This innovative tool serves as a public database that records every active license for virtual asset service providers (VASPs) within the UAE. The tracker consolidates licenses issued by the five primary regulatory authorities: the Dubai Virtual Asset Regulatory Authority (VARA), Abu Dhabi Global Market (ADGM), Dubai International Financial Centre (DIFC), Central Bank of the UAE (CBUAE), and the Federal Authority for Financial Markets (CMA).

As of June 2026, the tracker features details on 100 licensed entities involved in the virtual assets sector, showcasing a variety of permitted activities across the five regulators. This resource is available free of charge and is updated monthly, ensuring that users have access to the latest information regarding the compliant VASPs operating within the emirates.

Irina Heaver, the founder of NeosLegal, emphasized the aim of the tracker to simplify the landscape for founders, investors, and partnerships. Each entry within the tracker highlights the corresponding regulatory authority, the activities allowed, and the date of license approval. This allows users to quickly verify the legitimacy and regulatory standing of any VASP.

The launch of the UAE VASP License Tracker comes at a time when the regulatory framework for cryptocurrencies is evolving across Europe, particularly with the implementation of the Markets in Crypto-Assets (MiCA) regulation. This regulation introduces stringent capital requirements and compliance measures throughout the EU, which has resulted in some founders looking for more favorable conditions elsewhere—like the UAE. Irina noted that while the EU provides a singular regulatory approach, the UAE offers a multi-faceted framework with varying opportunities from its multiple jurisdictions.

European firms are showing keen interest in the UAE’s crypto landscape as they seek to expand into fast-growing markets in Africa, South Asia, and the Middle East, which collectively account for over four billion residents. Notable companies such as Bitpama from Vienna have already obtained VARA brokerage licenses, while Zodia Markets, a brokerage based in London backed by Standard Chartered, is licensed under the ADGM. Moreover, Deribit, originating from Amsterdam, has relocated its global headquarters to Dubai.

The ADGM established itself as the UAE’s pioneer in crypto regulation back in 2018 and continues to attract new players to the market. The Abu Dhabi entity has welcomed 14 new licensed firms since early 2026, showcasing the growing trust and interest in operating legally within the region. Currently, Dubai's VARA holds a significant market share, followed closely by the ADGM/FSRA in Abu Dhabi.

Heaver remarks, "We are observing founders relocating from cities like London, Paris, Frankfurt, and Zurich, where they feel constrained by existing regulations. The option to operate in the UAE, with its five regulatory authorities, presents an attractive proposition. It offers not just regulatory options but also serves as a gateway to emerging markets in the South."

The UAE VASP License Tracker is ready for public access, contributing significantly to transparency and confidence in the crypto ecosystem of the UAE. NeosLegal, founded in 2016, has supported the establishment of over 300 cryptocurrency businesses and assists in facilitating the entire licensing process for VASPs, proving to be an indispensable ally in the growing world of cryptocurrency.

NeosLegal continues to champion the evolution of crypto regulations and supports a thriving environment for innovation in the Middle East, positioning itself as a key player in the global crypto landscape. By launching the UAE VASP License Tracker, they are reinforcing their commitment to enhance clarity in the rapidly developing field of digital assets.

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