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VARA Fortifies Controls on Crypto Margin Trading in Dubai, Refreshes Rulebook
VARA has introduced greater leverage controls and collateralization requirements through provisions in its Broker-Deal and Exchange Rulebooks
Updated May 19, 2025, 1:41 p.m. Published May 19, 2025, 9:33 a.m.
What to know:
- Dubai's Virtual Asset Regulatory Authority (VARA) has updated its rulebook for digital asset trading.
- This will help VARA's rules to align with global risk standards, the regulator said in an emailed announcement on Monday.
- VARA has also introduced sections of its rulebook to properly oversee areas of the crypto industry that were previously lightly regulated, such as broker-dealers and wallets.
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Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
Ce qu'il:
- Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
- Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
- Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.
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