VARA Unveils Updated Rulebooks to Enhance Oversight and Market Integrity in VA Sector

In a new development toward reinforcing investor protection and market stability, the Virtual Assets Regulatory Authority (VARA) has released Version 2.0 of its activity-based Rulebooks.

The updated framework highlights Dubai’s ongoing commitment to cultivating a secure and forward-looking regulatory environment for the virtual asset (VA) sector.

The revised Rulebooks introduce a series of enhanced supervisory measures across seven regulated VA activities, including:

• Advisory services
• Broker-dealer services
• Custody services
• Exchange services
• Lending and borrowing services
• Virtual asset management and investment services
• Transfer and settlement services

Version 2.0 introduces key refinements aimed at strengthening risk oversight and operational resilience. These include more stringent controls on margin trading and token distribution services, clarified definitions around collateral wallet structures, and standardized compliance requirements across all licensed activities.