{"id":48129,"date":"2025-02-25T17:04:11","date_gmt":"2025-02-25T17:04:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dubais-crypto-regulator-vara-plans-new-rules-on-large-holders\/"},"modified":"2025-02-25T17:04:11","modified_gmt":"2025-02-25T17:04:11","slug":"dubais-crypto-regulator-vara-plans-new-rules-on-large-holders","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dubais-crypto-regulator-vara-plans-new-rules-on-large-holders\/","title":{"rendered":"Dubai\u2019s Crypto Regulator VARA Plans New Rules on Large Holders"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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New rules that force cryptocurrency companies to reveal the identity of significant token holders will be introduced by Dubai\u2019s Virtual Assets Regulatory Authority (VARA). Enhancing transparency and safeguarding investors in the city\u2019s growing virtual asset market are the goals of the program.<\/p>\n

VARA Seeks Greater Transparency in Crypto Holdings<\/h2>\n

Significant token holders must be reported by authorized cryptocurrency issuers and service providers under the proposed regulations, especially if a creator or organization controls the majority of the supply. In an interview with The Standard, VARA CEO Matthew White clarified that the new policies will assist investors in evaluating their risks. Transparency is crucial because a lot of tokens are impacted by outside parties, including venture capital firms.<\/p>\n

However, since Bitcoin transactions are linked to wallet<\/a> addresses rather than actual people, VARA does not plan to require direct identification of individuals. White emphasized that because of blockchain\u2019s transparency, authorities may monitor major holdings without having to divulge individual identities. Additionally, he stated that VARA intends to guarantee that investors who buy digital assets are given a \u201cclear description of risks.\u201d<\/p>\n

The regulator has already begun implementing these measures, with most of the plans scheduled for completion in Q1. The verification process for disclosing major holders remains unclear, but VARA is actively working on refining the framework.<\/p>\n

These new regulations follow VARA\u2019s recent warnings about meme coin promotions. The regulator previously cautioned investors about the risks associated with these digital assets, emphasizing concerns over price manipulation, liquidity issues, and fraudulent activities. Meme coins, often driven by social media hype and misleading promotions, \u201clack intrinsic value,\u201d VARA stated.<\/p>\n

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Dubai has positioned itself as a global hub for crypto innovation, but regulators are tightening oversight to maintain investor confidence. With these upcoming rules, VARA aims to create a safer environment while ensuring the crypto market remains transparent and accountable.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) New rules that force cryptocurrency companies to reveal the identity of significant token holders will be introduced by Dubai\u2019s Virtual Assets Regulatory Authority (VARA). Enhancing transparency and safeguarding investors in the city\u2019s growing virtual asset market are the goals of the program. VARA Seeks Greater Transparency […]<\/p>\n","protected":false},"author":35,"featured_media":48130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48129"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48129"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48130"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}