Dubai's Virtual Asset Regulatory Authority (VARA) has updated its rulebook for digital asset trading, introducing stricter leverage controls and collateralization requirements within its Broker-Deal and Exchange Rulebooks. These changes aim to align VARA's regulations with global risk standards. In the update, VARA also seeks to better regulate areas of the crypto sector, such as broker-dealers and wallets, which previously had lighter oversight. The modifications come as Dubai continues to solidify its status as a leading crypto hub, with major exchanges like Binance and Crypto.com having successfully operated under VARA's frameworks. Ruben Bombardi, General Counsel at VARA, emphasized that these updates reflect a more mature regulatory approach that draws on real-world licensing experiences and international best practices. The changes are seen as a step toward establishing a responsible and scalable ecosystem for digital assets in the region.

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