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Dubai regulator sets compliance deadline for updated crypto rules

  • Dubai's Virtual Assets Regulatory Authority set June 19, 2025, as the compliance deadline for licensed digital asset companies to follow its updated activity-based Rulebooks.
  • On May 19, VARA released Version 2.0 of its Rulebooks, updating regulations to strengthen oversight and promote transparency in the market, addressing previous compliance uncertainties and overlapping requirements across licensed activities.
  • The updated framework harmonizes compliance across eight regulated activities, tightening controls on margin trading, token distribution, and collateral wallet arrangements while improving supervisory mechanisms.
  • A VARA spokesperson highlighted the importance of harmonizing with international standards and addressing existing regulatory inconsistencies, while General Counsel Ruben Bombardi affirmed their dedication to balancing innovation with adherence to compliance.
  • The compliance deadline and enhanced rules aim to promote market discipline and responsible growth, reinforcing Dubai’s position as a leading cryptocurrency hub while protecting investors and ensuring long-term ecosystem viability.
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Cointelegraph broke the news in on Monday, May 19, 2025.
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