Dubai Virtual Asset Regulatory Authority strengthens control over encrypted margin trading and updates regulatory rules manual

According to CoinDesk, the Dubai Virtual Asset Regulatory Authority (VARA) has updated its manual of rules for digital asset trading. The new regulations have strengthened the leverage control and collateral requirements for margin trading, with the main revisions reflected in the "Broker Dealer and Exchange Rules Manual". This update aims to align the regulatory framework with international risk standards and fill previous regulatory gaps in areas such as brokers and wallet service providers. VARA stated that revisions based on actual license issuance experience and international best practices will help build a more mature regulatory system. VARA General Counsel Ruben Bombardi stated that these updates strengthen the foundation of a responsible and scalable ecosystem. The institution's previously relatively clear regulatory requirements have helped Dubai develop into a cryptocurrency hub.