Dubai regulatory agency sets compliance deadline for new encryption regulations as June 19th

On May 19th, according to Cointelegraph, Dubai's cryptocurrency regulatory agency has required licensed digital asset companies to comply with its latest version of activity based rulebook by June 19th to enhance market integrity and risk regulation. On May 19th, the Dubai Virtual Asset Regulatory Authority (VARA) announced the release of version 2.0 of its rulebook. Dubai regulatory authorities have stated that they have strengthened supervision over margin trading and token distribution services, enhanced consistency in compliance requirements for all licensed businesses, and provided clearer definitions for collateralized wallet arrangements.