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BTCC / BTCC Square / Global Cryptocurrency /
Dubai VARA Sets June 19 Deadline for VASPs to Comply with Updated Rulebooks

Dubai VARA Sets June 19 Deadline for VASPs to Comply with Updated Rulebooks

Author:
Global Cryptocurrency
Published:
2025-05-19 12:25:02
13
3

Dubai’s VIRTUAL Assets Regulatory Authority (VARA) has mandated all virtual asset service providers to adhere to Version 2.0 of its activity-based Rulebooks by June 19. The updated guidelines aim to bolster market integrity and risk oversight in the crypto sector.

Key revisions include stricter controls on margin trading and token distribution, clearer collateral wallet definitions, and standardized compliance requirements across advisory, custody, exchange, and other service categories. The MOVE reflects Dubai’s push to establish itself as a regulated hub for digital assets.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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