Dubai Introduces New Rules for Trading Derivatives of Virtual Assets Like Crypto
6 Articles
6 Articles
Dubai Establishes Regulatory Framework for Virtual Asset Derivatives Trading
The Dubai Virtual Assets Regulatory Authority (VARA) on Tuesday introduced a comprehensive regulatory framework for Exchange Traded Derivatives (ETD) in virtual assets, making Dubai one of the world’s first jurisdictions to bring VA derivatives under a purpose-built, enforceable rulebook.The framework, set out in Version 2.1 of VARA’s Exchange Services Rulebook, enables licensed Virtual Asset Service Providers (VASPs) to offer derivatives produc…
VARA Unveils New Rulebook Granting Broad Oversight of Crypto Derivatives in Dubai
TL;DR: VARA published its Exchange Services Rulebook with governance, disclosure and risk management rules for VASPs offering crypto derivatives. VASPs must segregate margin accounts, settle transactions within 24 hours and maintain active market surveillance systems. The regulator can suspend trading of any digital asset and adjust margin requirements upon any suspicion of regulatory non-compliance. The Dubai Virtual Assets Regulatory Authorit…
Dubai Unveils First-Ever Regulatory Framework for Crypto Derivatives Trading
Dubai has officially launched its first regulatory framework for trading crypto derivatives. The rules are set to be implemented by Dubai’s Virtual Assets Regulatory Authority, also known as VARA, with the intention of creating a framework where licensed firms can deliver complex crypto-based products. This makes Dubai one of the first places in the world The post Dubai Unveils First-Ever Regulatory Framework for Crypto Derivatives Trading appea…
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