Regulatory Alerts2025-06-19
VA Management and Investment Services Rulebook
The Dubai Virtual Assets Regulatory Authority mandates licensed Virtual Asset Service Providers to comply with the VA Management and Investment Services Rulebook, which establishes comprehensive operational standards for managing client virtual assets. The framework requires VASPs to implement robust internal policies, verify staff competency and client suitability, ensure transparent public disclosures, and strictly regulate impermissible activities like rehypothecation and staking reward marketing. Additionally, the rulebook enforces detailed client agreements, monthly reporting, independent risk audits, and clear fee structures to safeguard client interests while maintaining market integrity.
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