迪拜的加密监管机构提供了VASP，直到6月19日，以遵守更新的规则手册

迪拜的加密监管机构已向6月19日授予许可的数字资产公司，以遵守其最新的基于活动的规则手册

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.

迪拜的加密监管机构，虚拟资产监管机构（VARA），已向数字资产公司提供了直到6月19日的数字资产公司，以遵守其最新的基于活动的规则手册。目的是提高市场完整性和风险监督。

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日的一份声明中宣布了2.0版的规则手册版本，该版本于5月18日生效。监管机构揭幕了计划，以加强围绕保证金交易和代币分销服务的控制。

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.

它还宣布，它将在所有许可活动中协调合规性要求，并为抵押钱包安排提供更清晰的定义，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.

它的团队现在将与17个许可实体互动，以适应更改。在30天的过渡期之后，公司可以期望遵守更新的规则。

“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.”

“与全球监管最佳实践一致，已将30天的过渡期授予所有受影响的虚拟资产服务提供商（VASP），并在2025年6月19日之前要求完全合规。”

What has VARA updated?

Vara更新了什么？

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.

加密监管机构强调，它一直在忙于增强几种受监管活动的监督机制。这包括咨询，经纪交易商，监护权，交易所，贷款和借贷，虚拟资产（VA）管理和投资以及VA转移和和解服务。

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发言人告诉Cointelegraph，这些更新将在所有基于活动的规则上带来一致性，从而定义核心操作术语。发言人举了诸如“客户资产”，“合格的托管人”和“抵押品要求”之类的术语示例，因为在更新中更加一致的一些术语。

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

该更新还使风险管理和披露义务保持一致，在经纪，监护和交换等领域的活动重叠。

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

“目的是减少歧义并帮助VASP更轻松地驾驶跨职能的合规性。”

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.

至于保证金交易，VARA发言人说，他们收紧了杠杆阈值，要求更清晰的抵押标准，并增强了提供此功能的VASP的监控义务。

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.

保证金交易使交易者可以控制较少资本的大型头寸。它放大了收益和损失。收紧杠杆交易者的使用有助于限制市场低迷中广泛清算的风险。

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."

加密监管机构还推出了关于代币分销的新第9节，涵盖了许可先决条件，投资者保护和营销限制。发言人强调了营销限制，特别是对于“面向零售报价”的限制。

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

“这是关于与全球行为期望保持一致，并结束观察到的监管差距。”