🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Dubai VARA gives VASPs until June 19 to comply with new rulebook guidelines
Dubai’s Virtual Assets Regulatory Authority has given virtual asset service providers until June 19 to comply with Version 2.0 of its activity-based Rulebooks in its ongoing push to strengthen crypto market integrity and risk oversight.
On May 19, VARA in Dubai announced that it has released Version 2.0 of its activity-based Rulebooks, setting a deadline of June 19 for all VASPs to comply with the updated regulations. The revised Rulebooks introduce strengthened requirements across advisory, broker-dealer, custody, exchange, lending and borrowing, asset management, and transfer and settlement services.
Key updates in Version 2.0 include enhanced controls on margin trading and token distribution, clearer definitions related to collateral wallet arrangements, and standardized compliance obligations across all licensed activities.
A 30-day transition period has been granted to allow affected VASPs time to implement the necessary changes. VARA stated that its Supervision Teams will provide direct support to licensed entities to assist with activity-specific compliance during the transition period.
This introduction of Rulebook Version 2.0 builds on VARA’s broader push to strengthen crypto market integrity and protect investors through clearer rules and stricter enforcement. Notably, in October last year, the authority cracked down on seven crypto entities operating without proper authorization, issuing fines between 50,000 and 100,000 AED. Alongside the penalties, the firms were ordered to halt their operations and stop promoting virtual asset services.
Another recent move in that direction was VARA’s announcement in February this year of its plans to mandate the disclosure of crypto whale identities, requiring VASPs to report the real-world identities of major token holders.