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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

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-19 12:25:02
0

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.

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