Ministry of Finance Announces VARA Establishment

The Ministry of Finance announced a resolution establishing the Virtual Assets Regulatory Authority (VARA) to license and supervise crypto firms.

The Ministry of Finance announced the issuance of Ministerial Resolution No. 336 for 2025, which establishes the Virtual Assets Regulatory Authority (VARA)... The Ministry of Finance announced the issuance of Ministerial Resolution No. 336 for 2025, which establishes the Virtual Assets Regulatory Authority (VARA). This body will be responsible for licensing and supervising companies dealing in cryptocurrencies and other digital assets in the country. The goal of the new authority is to protect investors and ensure the stability of the financial market. It is expected that VARA will develop clear rules for the virtual assets industry.

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