Dubai Enforces Stricter Crypto Regulations with VARA 2.0

Dubai is taking a proactive approach to the crypto sector, implementing stricter rules for businesses operating within its virtual asset framework. The Virtual Assets Regulatory Authority (VARA) has released Version 2.0 of its Rulebooks, setting new boundaries for crypto exchanges and service providers in the region. A crucial deadline set for June 19, 2025, requires these companies to comply with the latest regulations.