Dubai Sets June 19 Deadline for Crypto Firms to Comply With New Rules

In Brief:

Dubai’s crypto regulator VARA released Rule Manual v2.0, with a compliance deadline of June 19.

Updates tighten oversight on margin trading, token distribution, and collateral wallet structures.

On May 19, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that all licensed crypto businesses must comply with the updated Rule Manual v2.0 by June 19, 2025. The revision introduces stricter guidelines to reinforce market integrity, risk supervision, and regulatory consistency across the digital asset sector.

The updated manual sharpens regulatory focus on margin trading and token issuance services, while also standardizing compliance expectations for all entities operating under Dubai’s licensing framework. Notably, VARA has also included clearer definitions for collateral wallet arrangements, a move aimed at improving transparency and custody standards.

These changes are part of Dubai’s broader strategy to position itself as a global crypto hub with strong regulatory foundations, balancing innovation with investor protection. Failure to comply by the June 19 deadline could lead to penalties or suspension of licenses.

VARA’s activity-based rulebook continues to evolve as the emirate adapts to the fast-moving crypto landscape and rising institutional participation.

‍