Dubai Regulators Introduce Improved Virtual Asset-Related Oversight
Dubai’s VIRTUAL Asset Regulatory Authority (VARA) has unveiled Version 2.0 of its Rulebooks, marking a significant step in strengthening market integrity and risk management for digital assets. The updated framework introduces enhanced controls for margin trading and token distribution services, while harmonizing compliance requirements across all licensed activities. Market participants must comply by June 19, 2025.
The revised regulations provide clearer definitions for collateral wallet arrangements, addressing a critical need in the rapidly evolving crypto landscape. VARA’s move reflects Dubai’s ambition to establish a durable regulatory framework capable of adapting to technological advancements and market demands.