DUBAI IS CHECKING EXCHANGE RESERVES
VARA's new circular tells auditors exactly how to verify the 1:1 rule: hot, warm and cold wallets, who controls them, and whether client coins are being lent or reused.
That's how you avoid the next FTX-style blowup.
$BNB holding up better than most today, CMP ~768, down ~2.2%, low at 758.
Hold 758 = support is real, reclaim 787 and BNB leads the bounce.
Lose 750 = fake strength, it follows the market down.
#DubaiVARAIssuesReserveAssetAuditCircular
VARA's new circular tells auditors exactly how to verify the 1:1 rule: hot, warm and cold wallets, who controls them, and whether client coins are being lent or reused.
That's how you avoid the next FTX-style blowup.
$BNB holding up better than most today, CMP ~768, down ~2.2%, low at 758.
Hold 758 = support is real, reclaim 787 and BNB leads the bounce.
Lose 750 = fake strength, it follows the market down.
#DubaiVARAIssuesReserveAssetAuditCircular