Dubai's VARA Tightens Record-Keeping Rules for VASPs
- —VASPs must maintain proper books and records for all transactions
- —Clear audit trails and client statements are now mandatory
- —The new compliance requirements are effective immediately
- —The move follows unresolved transaction discrepancies reported by users
Why it matters: Tighter compliance in Dubai sets a benchmark for VASPs and could strengthen institutional trust in the UAE crypto market.
Source: Coinfomania