PANews reported on May 19 that according to CoinDesk, the Virtual Assets Regulatory Authority (VARA) in Dubai has updated the digital asset trading rules manual. The new regulations strengthen leverage control and collateral requirements for margin trading, with the main revisions reflected in the 'Broker-Dealer and Exchange Rules Manual'. This update aims to align the regulatory framework with international risk standards and fill regulatory gaps in areas such as brokers and wallet service providers. VARA stated that the revisions are based on actual licensing experience and international best practices, which will help build a more mature regulatory system. Ruben Bombardi, VARA's Chief Legal Counsel, said that these updates strengthen the "foundation of a responsible and scalable ecosystem". The previously clear regulatory requirements have helped Dubai develop into a cryptocurrency center.
