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

Additionally, Dubai’s cryptocurrency regulator has given licensed digital asset firms until June 19 to comply with its updated activity-based rulebook to strengthen market integrity and risk oversight, Cointelegraph reported.