Dubai’s Virtual Asset Regulatory Authority (VARA) released an upgraded version of its Rulebooks to improve market integrity and risk management. The crypto regulator expects VARA-licensed companies to comply with the updated rules by June 19, 2025.
Dubai’s VARA improved controls over margin trading and token distribution services, synchronised compliance requirements across all licensed activities, while also providing clear definitions for collateral wallet arrangements.
VARA Releases Version 2.0 of the Rulebooks
The Virtual Asset Regulatory Authority (VARA) announced the publication of Version 2 of its activity-based Rulebooks as part of Dubai’s ongoing commitment to constructing a digital asset regulatory framework that can stand the test of time. While the regulator seeks to build a regulatory framework that can withstand the future, it notes the importance of balancing innovation with “robust market safeguards.”
The updated version includes “strength
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