Ledger referral code — United Arab Emirates

Signing up from United Arab Emirates puts Ledger under a local rulebook, and it is not what the fee table alone tells you. The Virtual Assets Regulatory Authority (VARA) oversees retail crypto in Dubai; it is the sole virtual-asset regulator across Dubai's free zones and mainland outside DIFC. Exchanges operating in or from Dubai must hold a VARA VASP Licence (Virtual Asset Service Provider licence), listed on VARA's public register; federally the Securities and Commodities Authority issues a Virtual Asset Platform Operator License. How money actually reaches the order book here: Dirham bank transfers are the dominant deposit rail; the national instant payments platform is Aani, operated by Al Etihad Payments, a Central Bank of the UAE subsidiary. Aani is a key initiative under the Central Bank's Financial Infrastructure Transformation programme, positioned as the seamless, secure and instant digital payments layer for UAE residents and businesses. On tax treatment in this market: The UAE levies no personal income tax on individuals, so retail crypto gains of individuals are not income-taxed; value-added tax applies to goods and services purchases. None of this market context changes the Ledger figures in the table above — it decides how you act on them.