Dubai’s VARA is moving “proof of reserves” beyond a disclosure exercise and toward stricter oversight. The key requirement is for VASPs to ensure their assets genuinely match their customer liabilities.
The latest guidance emphasizes reserve coverage, 1:1 matching of like-for-like assets, daily reconciliations, and independent third-party audits, significantly increasing transparency.
For the industry, this is not just tighter regulation—it also sends a message to the market: from now on, trading platforms can’t prove they’re safe simply by posting a screenshot.
$BTC #迪拜VARA发布储备资产审计规定
The latest guidance emphasizes reserve coverage, 1:1 matching of like-for-like assets, daily reconciliations, and independent third-party audits, significantly increasing transparency.
For the industry, this is not just tighter regulation—it also sends a message to the market: from now on, trading platforms can’t prove they’re safe simply by posting a screenshot.
$BTC #迪拜VARA发布储备资产审计规定
