Regulatory Alerts2025-06-19
Custody Services Rulebook
Issued by Dubai’s Virtual Assets Regulatory Authority, this rulebook establishes comprehensive governance and operational standards for licensed virtual asset service providers offering custody services. It mandates strict client asset segregation, prohibits rehypothecation, requires continuous operational control, and enforces detailed wallet management protocols covering hot and cold storage, secure key generation, and multi-signature safeguards. The framework further dictates board composition, annual remuneration reporting, mandatory public disclosures, and specific compliance pathways for staking and collateral wallet services to ensure robust client asset protection.
Share