Dubai's Virtual Assets Regulatory Authority (VARA) has updated its Rulebooks to improve market integrity and risk oversight for licensed digital asset companies. The deadline for compliance with the new rules is June 19. VARA's Version 2.0 of the Rulebooks includes stronger controls on margin trading and token distribution services, standardized compliance requirements, and clearer definitions for collateral wallet arrangements. The regulator aims to enhance supervisory mechanisms for various activities such as advisory, custody, and exchange services. The updates also focus on aligning risk management and disclosure obligations, particularly in areas like brokerage and custody. VARA has tightened leverage thresholds for margin trading and introduced new requirements for token distribution, emphasizing investor protections and marketing restrictions. These changes aim to align Dubai's regulations with global standards and close regulatory gaps, ensuring a more consistent and secure environment for virtual asset service providers. Read more AI-generated news on: https://app.chaingpt.org/news