VARA Updates Dubai’s Crypto Rulebook to Enhance Margin Trading Controls

Dubai's Virtual Asset Regulatory Authority (VARA) updated its digital asset trading rules to enhance leverage controls and collateralization requirements. Key points include:

New provisions in Broker-Deal and Exchange Rulebooks align with global risk standards.
Increased oversight on previously lightly regulated sectors, including broker-dealers and wallets.
Upgraded rules based on real-world licensing experience and international best practices.
Major exchanges such as Binance, Crypto.com, and OKX have received VARA approvals.

Ruben Bombardi, VARA’s General Counsel, stated that these updates strengthen the ecosystem’s foundation.