Dubai Crypto Regulator Updates Rulebooks, Sets June 19 Compliance Deadline

Dubai’s VARA has released Version 2.0 of activity-based Rulebooks for crypto firms. The new cryptocurrency guidelines strengthen margin trading controls and token distribution. Licensed companies in Dubai have 30 days to comply with the updated crypto regulations. Dubai’s Virtual Assets Regulatory Authority (VARA) has issued updated regulatory guidelines for licensed crypto companies. This gives firms until June 19 to comply with the new requirements. The regulator announced the release of Version 2.0 of its activity-based Rulebooks on May 19. This introduces better controls to improve market integrity and risk oversight. The revised framework strengthens regulations around margin trading and token distribution services and also compliance requirements across all licensed activities. VARA has also provided clearer definitions for collateral wallet arrangements to ensure consistent implementation among virtual asset service providers (VASPs). “In line with global regulatory best practices, a 30-day transition period has been granted to all impacted virtual asset service providers, with full compliance required by 19 June 2025,” VARA stated in its announceme… The post Dubai Crypto Regulator Updates Rulebooks, Sets June 19 Compliance Deadline appeared first on Coin Edition .

Source: Coin Edition