Dubai’s Crypto Regulatory Organization Vara (Digital Property Regulaty Authority) has released a big crypto update for digital asset companies. Vara has released Model 2.0 of its Rulebook, which will be mandatory for all licensed companies to adopt by 19 June 2025. The main objective of this update is to increase market transparency and strengthen risk management.
Let us know what will be the impact on the import aspect of this new rulebook and the crypto industry.
30 -day transition period: deferment given to follow the rule
Vara announced 19 might that all Vasps (Digital Asset Carrier Suppliers) have been given 30 days time so that they can mold themselves according to the new rules. This means that all companies will have to work completely according to these rules by 19 June 2025.
This is according to the global regulatory standards, ensuring that all companies follow the rules in time and correctly.
What has been changed in new rules?
Many significant changes have been made in Rulebook Model 2.0:
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Strict liverous limits have been fixed for margin trading
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Token distribution services are clearly defined.
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Major definances such as client assets, qualified Custodians and Collateral Arrangements have been uniforms.
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Risk management and disclosure requirements have been cleared for all activities.
The aim of these changes is that all VASPs work on the same standard and do not have regulatory confusion.
Strict margin limits in crypto trading
In margin cryptocurrency trading, investors can do large deals with small capital, leading to both profit and loss. But this also increases the risk of market fluctuations. Vara has now reduced the liveres limit in it and has pressured companies to keep strict monitoring. Also, collateral standard has also been made strict, so that risk management can be done. if you want to know How to do cryptocurrency buying and sellThen click on the given link.
New section for token distribution
Vara has added a separate section to the token distribution in its new Rulebook 2.0, which is an important step towards making this sector more transparent and regulated. This section clearly states which licenses and permanent companies will need before issuing tokens. In addition, it has been given priority to Investors Security so that they can avoid any kind of fraud or existing promotion. In particular, marketing has been imposed on marketing for retail investors, so that tokens can be brought into the market in an ethical and response manor. The purpose of this change is to ensure that crypto investment transparents, secure and regulatory standards.
Supervision and transparency increased for all services
Vara has clarified that now monitoring and rules for all major services related to crypto such as advisory, brokerage, custody, exchanges, lending-brooring, virtual asset management and virtual asset transfer and settlement have been further strengthened. The move aims to bring uniformity to these services and make it easier for companies to understand and follow the rules of various services. This will not only increase transparency but will also strengthen confidence in the entire crypto system.
Conclusion
This move of Vara has made it clear that Dubai Cryptocurrency The market wants to build a trusted and secure center at the global level. Although the rules have been strict, this will give the industry the trust of stability and investors in the long term. This is a chance for vasps that they improve their operating system and adapt themselves to global standards. If you are associated with the Crypto industry or are investors, it is an important change that cannot be ignored. This step of Vara is a major step towards making the world of Crypto more professional, secure and transparent.
