Dubai VARA Sets June 2025 Deadline for Crypto Compliance
Dubai’s VIRTUAL Assets Regulatory Authority (VARA) has unveiled Version 2.0 of its activity-based Rulebooks, granting licensed digital asset firms until June 19, 2025, to achieve full compliance. The update aims to standardize language, enhance risk controls, and ensure uniform management of virtual assets across the UAE.
New provisions tighten oversight of margin trading, token distribution, and collateral arrangements, while introducing clearer definitions for client assets and custodians. The move signals Dubai’s commitment to fostering a regulated yet dynamic crypto ecosystem—a balancing act between innovation and investor protection.