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Relm Insurance MENA and ACX Compliance Publish Guidance for Crypto Firms Navigating VARA Regulations

02/10/2025 - ACX Compliance, the world’s first crypto compliance firm, and Relm Insurance — the leading specialty insurer for innovative industries like AI, the space economy, and digital assets — have released a 12-point guide for insurance companies navigating the UAE crypto industry.

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The guide covers the 12 most pressing questions insurance companies have when applying for licenses under the Dubai Virtual Assets Regulatory Authority (VARA). 

Emerging Crypto Insurance Needs 

Relm and ACX view this documentation as especially relevant in the UAE. As the region’s digital asset and crypto industry continues to scale, accessibility to speciality insurance coverage needs to scale with it. Without increased accessibility, firms can be left underinsured or with generic policies that do not address crypto-specific risks like regulatory challenges, fraud, and cyberattacks. 

The guide, available on ACX Compliance’s website, emphasizes several key takeaways, including: 

  • Understanding Essential Insurance Types: Critical policies that crypto firms should consider, like Professional Indemnity (PI), Directors & Officers (D&O) coverage, and Commercial Crime Insurance with Hot Wallet coverage. 
  • Navigating Common Pain Points: The risks of insufficient coverage, the need for policies tailored to the unique challenges of the crypto industry, and the common concerns firms should watch for. 
  • Actionable Advice from Industry Experts: Leading professionals in crypto compliance and insurance offer practical insights to help firms avoid common pitfalls and secure comprehensive coverage that aligns with VARA regulations. 

While the guide focuses on VARA regulations — a service ACX Compliance supports firms seeking a VARA license — its insights are invaluable for any crypto business aiming to secure the right insurance coverage with clarity and confidence. 

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