BlockBeats news, on May 19, according to Cointelegraph, the Dubai cryptocurrency regulator has required licensed digital asset companies to comply with its latest version of the activity-based rulebook by June 19 to enhance market integrity and risk regulation.
On May 19, the Dubai Virtual Assets Regulatory Authority (VARA) announced the release of version 2.0 of the (rulebook).
The Dubai regulator stated that it has strengthened the oversight of margin trading and token distribution services, enhanced the consistency of compliance requirements for all licensed businesses, and provided clearer definitions for collateral wallet arrangements.