VARA adds rules for crypto derivatives

Dubai's Virtual Assets Regulatory Authority issued version 2.1 of its Exchange Services Rulebook on 31 March 2026, introducing a regime for exchange-traded derivatives in virtual assets. It applies immediately to every exchange service provider licensed in Dubai outside the DIFC.

VARA has regulated virtual assets in the emirate under Law No. 4 of 2022 and has run a full market regulatory regime since February 2023, with a public register of licensed providers and a published list of firms operating without a licence.

A derivatives framework is a later-stage regulatory move than a licensing regime: it presumes there is already a supervised spot market to reference. For a conference track on digital finance, the question this raises is less about Dubai and more about everyone else — a rulebook is the exportable artefact here, and jurisdictions competing for the same firms now have a drafted one to argue with.

Source: Virtual Assets Regulatory Authority checked against the source

More news