BlockBeats message. March 31, according to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) has introduced a new regulatory framework for exchange-traded derivatives (ETD) on cryptocurrency trading platforms, clarifying how licensed crypto companies can offer such products in Dubai.
The framework is contained in VARA’s “Trading Platform Service Rules Manual,” Version 2.1, and covers requirements including client suitability, leverage and margin controls, asset segregation, information disclosure standards, and the regulator’s intervention powers.
VARA stated that the framework applies to licensed virtual asset service providers (VASP) that provide trading platform services in Dubai. This update establishes more formal regulatory safeguards for higher-risk areas in the Dubai crypto market, while also going beyond spot trading as the emirate expands its trading rules.
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