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The Dubai Krypto Regulatory Regulatory Regulatory Office (Vara) updated its book Rules for Trading with Digital Asset.
The Emirati regulator introduced greater requirements for controlling the lever effect and the collateral requirements through the provisions in its rules for mediation and replacement. This will help Vara rule in accordance with global risk standards, the regulatory body said in -mail notification on Monday.
Vara also presented parts of its rules to properly oversee the cryptovisse industry, which were previously slightly regulated, such as brokers and wallets and wallets.
The rules previously determined by Vara helped to establish a city as a crypto center and won praise from Krypto companies for being reasonably clear in their requirements to work there. Main stock exchanges such as Binance, Crypto.com and OKX, all won by Vara’s approval.
Vara is now taking these rules and upgrading them to reflect a more advanced framework that is said to include real -world licensing experience and international proven procedures.
“These rules updates strengthen the foundations of the responsible and scalable ecosystem,” said Ruben Bombardi, The General Council and the Head of Regulatory permit in Vara reported in -mail comments shared with Coindeskem.
Read more: The Dubai Government opens the door to accepting a crypto for services
