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The Dubai Virtual Asset Regulatory Authority (VARA) published version 2.1 of its exchange service manual on March 31, establishing official rules for the first time for derivative contracts traded on foreign currency exchanges.
The current framework applies to all providers of virtual asset services (VASPs) licensed (VASPs) licensed (VASPs) licensed (VASPs) licensed to exchange in the emirate. The framework covers customer suitability, financial leverage, and capitalization.
What the new derivatives framework in Dubai requires
通记連 VARA now with participation Both institutions and individual investors in cryptocurrency derivatives. However, receiving individual investors is subject to strict controls.
The leverage of individual investors is set at a maximum of 5:1, but the initial maximum is not more than 20%. This number is much lower than the external platforms, where the exchange has previously offered 100x in some contracts.
I must provide virtual asset services carry out suitability assessments cover your financial situation, trading experience, and risk tolerance before accepting any individual client.
The companies must restrict access when the products are outside the frame bearing the risks of fraud.
جعب فصل حسابات الحماش عن normal trading accounts. Default service providers cannot use one customer’s money for virtual financing, even with approval.
It is also necessary to provide written municipal data.
The life of VARA takes place in the air
The regulator gave itself wide authority to intervene during periods of market pressure. The available actions include commenting on specific products, and seeking to clear the centers.
في الذهب العجلة, لحيئة لحيئة VARA سانون دون شعر بريست لحتوا تولونت لولونت.
Virtual asset service providers must also maintain a security fund that is open to exchange-traded providers, with a minimum balance determined by the regulator. The fund may retain virtual assets or paper transactions or fixed transactions.
The current framework is based on version 2.0, which It is issued In May 2025, which first established the rules of trading and the regulatory regulatory requirements for the provision of virtual assets services in Dubai.
