迪拜的加密監管機構提供了VASP，直到6月19日，以遵守更新的規則手冊

迪拜的加密監管機構已向6月19日授予許可的數字資產公司，以遵守其最新的基於活動的規則手冊

Dubai's crypto regulator, the Virtual Assets Regulatory Authority (VARA), has given digital asset companies until June 19 to comply with its updated activity-based Rulebooks. The goal is to enhance market integrity and risk oversight.

迪拜的加密監管機構，虛擬資產監管機構（VARA），已向數字資產公司提供了直到6月19日的數字資產公司，以遵守其最新的基於活動的規則手冊。目的是提高市場完整性和風險監督。

In a statement on May 19, VARA announced the Version 2.0 release of the Rulebooks, which came into effect on May 18. The regulator unveiled plans to strengthen controls around margin trading and token distribution services.

VARA在5月19日的一份聲明中宣布了2.0版的規則手冊版本，該版本於5月18日生效。監管機構揭幕了計劃，以加強圍繞保證金交易和代幣分銷服務的控制。

It also announced that it would be harmonizing compliance requirements across all licensed activities and giving clearer definitions for collateral wallet arrangements, among other updates.

它還宣布，它將在所有許可活動中協調合規性要求，並為抵押錢包安排提供更清晰的定義，以及其他更新。

Its team will now be engaging with the 17 licensed entities to adjust to the changes. The companies can expect to comply with the updated rules after a 30-day transition period.

它的團隊現在將與17個許可實體互動，以適應更改。在30天的過渡期之後，公司可以期望遵守更新的規則。

“In line with global regulatory best practices, a 30-day transition period has been granted to all impacted virtual asset service providers (VASPs), with full compliance required by 19 June 2025.”

“與全球監管最佳實踐一致，已將30天的過渡期授予所有受影響的虛擬資產服務提供商（VASP），並在2025年6月19日之前要求完全合規。”

What has VARA updated?

Vara更新了什麼？

The crypto regulator highlighted that it had been busy enhancing supervisory mechanisms across several regulated activities. This includes advisory, broker-dealer, custody, exchange, lending and borrowing, virtual asset (VA) management and investment, and VA transfer and settlement services.

加密監管機構強調，它一直在忙於增強幾種受監管活動的監督機制。這包括諮詢，經紀交易商，監護權，交易所，貸款和借貸，虛擬資產（VA）管理和投資以及VA轉移和和解服務。

A VARA spokesperson told Cointelegraph that the updates will bring consistency across all activity-based rules, defining core operational terms. The spokesperson gave examples of terms like "client assets," "qualified custodians," and "collateral requirements" as some of the terms more consistently defined in the update.

VARA發言人告訴Cointelegraph，這些更新將在所有基於活動的規則上帶來一致性，從而定義核心操作術語。發言人舉了諸如“客戶資產”，“合格的託管人”和“抵押品要求”之類的術語示例，因為在更新中更加一致的一些術語。

The update also aligned risk management and disclosure obligations, where activities overlap, in areas like brokerage, custody and exchange.

該更新還使風險管理和披露義務保持一致，在經紀，監護和交換等領域的活動重疊。

“The aim was to reduce ambiguity and help VASPs navigate cross-functional compliance more easily.”

“目的是減少歧義並幫助VASP更輕鬆地駕駛跨職能的合規性。”

As for margin trading, the VARA spokesperson said they tightened leverage thresholds, mandated clearer collateralisation standards, and enhanced the monitoring obligations for VASPs offering this feature.

至於保證金交易，VARA發言人說，他們收緊了槓桿閾值，要求更清晰的抵押標準，並增強了提供此功能的VASP的監控義務。

Margin trading allows traders to control large positions with smaller amounts of capital. It amplifies both gains and losses. Tightening the leverage traders use helps limit the risks of widespread liquidations in a market downturn.

保證金交易使交易者可以控制較少資本的大型頭寸。它放大了收益和損失。收緊槓桿交易者的使用有助於限制市場低迷中廣泛清算的風險。

The crypto regulator also introduced a new Section 9 on token distribution that covers licensing prerequisites, investor protections and marketing restrictions. The spokesperson highlighted the marketing restrictions, especially for "retail-facing offers."

加密監管機構還推出了關於代幣分銷的新第9節，涵蓋了許可先決條件，投資者保護和營銷限制。發言人強調了營銷限制，特別是對於“面向零售報價”的限制。

“It’s about aligning with global conduct expectations and closing observed regulatory gaps.”

“這是關於與全球行為期望保持一致，並結束觀察到的監管差距。”