Dubai’s VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks

, By Gadget360
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Dubai’s Virtual Assets Regulatory Authority (VARA) is bolstering its crypto regulations to enhance investor protection and manage risk more effectively. The updated policies place a stronger emphasis on controlling margin trading and the distribution of crypto tokens. VARA anticipates these changes will contribute to a more scalable and secure crypto environment within Dubai.

This move coincides with the Dubai Land Department’s (DLD) “Real Estate Tokenisation Project,” signaling Dubai’s broader embrace of Web3 technologies. The DLD initiative seeks to foster partnerships between international Web3 companies and Dubai’s real estate sector, potentially opening new avenues for investment and innovation. VARA’s regulatory adjustments and the DLD’s tokenization project highlight Dubai’s commitment to fostering a robust and responsible digital asset ecosystem.



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Dubai’s VARA Sets June 19 Deadline for Crypto Firms to Comply With Updated Activity-Based Rulebooks

, Published By Gadget360
Blockchain



Dubai’s Virtual Assets Regulatory Authority (VARA) is bolstering its crypto regulations to enhance investor protection and manage risk more effectively. The updated policies place a stronger emphasis on controlling margin trading and the distribution of crypto tokens. VARA anticipates these changes will contribute to a more scalable and secure crypto environment within Dubai.

This move coincides with the Dubai Land Department’s (DLD) “Real Estate Tokenisation Project,” signaling Dubai’s broader embrace of Web3 technologies. The DLD initiative seeks to foster partnerships between international Web3 companies and Dubai’s real estate sector, potentially opening new avenues for investment and innovation. VARA’s regulatory adjustments and the DLD’s tokenization project highlight Dubai’s commitment to fostering a robust and responsible digital asset ecosystem.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Assassin’s Creed IV: Black Flag Voice Actor Hints a Remake Is in Development
Next News
Cyber resilience startup Mitigata raises $5.9 Mn led by Nexus
Gadget360

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