21 May 2025, 02:24 PM
Recently, the Dubai Virtual Assets Regulatory Authority (VARA) released version 2.0 of its Rulebook, mandating that all licensed crypto platforms complete alignment with the new regulations by June 19. The updated rules introduce higher standards for consistency and transparency in margin trading, token issuance, and collateral wallet mechanisms, reinforcing compliance requirements across all business lines. In response to changes in the regulatory framework, BROGX has comprehensively adjusted its trading, asset custody, and project listing processes, ensuring that all core modules are aligned with the new requirements and advancing the legalization, refinement, and structuring of its services in the Dubai region.
![[Image: 1*3FhSvqSRxB1y8HaME351og.png]](https://miro.medium.com/v2/resize:fit:720/format:webp/1*3FhSvqSRxB1y8HaME351og.png)
Full Implementation of Leverage Mechanism Adjustments and Account Segregation
The new regulations provide detailed clarifications regarding the compliance structure of margin products, requiring all leverage operations to establish complete procedures in terms of execution logic, risk control, and user notifications. BROGX has implemented a risk threshold adaptive engine within its trading system, which automatically adjusts available leverage ratios and liquidation levels, forming a real-time anti-liquidation model to prevent systemic chain reactions from forced liquidations.
In line with the VARA requirements for account segregation, BROGX has established independent data pathways for margin and spot accounts, ensuring clear auditability of fund sources, transaction flows, and risk-bearing logic. The platform has also launched a risk level notification mechanism within the user interface, using dynamic labeling to distinguish types and boundaries of leverage risk. BROGX has introduced an automated audit trail, generating a complete, traceable data set for fund allocation, risk events, and liquidation records in margin operations, thereby meeting the regulatory requirements for structured trade record-keeping and supporting data extraction for regulatory inspections.
Reintegration of Token Management Mechanisms and Listing Channels
The updated rulebook standardizes regulatory requirements for token issuance and distribution processes, mandating unified management of token disclosure, listing pathways, and contract governance structures. BROGX has upgraded its project onboarding system, establishing a multi-dimensional review model that assigns access levels and transparency scores for all token issuance activities, while clearly distinguishing between platform-incubated projects and external independent assets.
The listing process of BROGX now incorporates third-party KYC, compliance checks, and on-chain behavioral analysis, ensuring that token governance structures are open and transparent and that circulation rules are fully compliant. Projects applying for listing must submit comprehensive legal opinions, audit reports, and token lockup model documentation, all of which undergo multi-stage review by the platform.
Listed projects are subject to periodic re-evaluation, with BROGX conducting quarterly cross-verification of core token parameters, on-chain performance, and compliance status, synchronizing data nodes with VARA requirements to establish a continuous asset compliance framework. On the user interface, all tokens display compliance update statuses and change histories, enhancing asset transparency on the platform.
Reconstruction of Custody Structures and Detailed Deployment of Collateral Asset Definitions
The new regulations of VARA set forth both technical and managerial requirements for wallet structures and asset custody mechanisms, mandating layered wallet controls for collateral and liquid assets and clear differentiation between user ownership and platform management rights. BROGX has built a multi-tier wallet management structure, separating on-chain pathways for collateral, operational, and hot-access assets, and has deployed periodic asset signature and audit attestation mechanisms.
The private key management of the platform has been upgraded to a multi-node hardware signature architecture, meeting the VARA requirements for multi-role authorization in collateral asset operations. BROGX has simultaneously launched a user-facing lockup visualization module, displaying real-time collateral asset status, release logic, and change pathways, and automatically generating on-chain verifiable Merkle proofs to facilitate independent user cross-verification of custodial asset status.
For enterprise clients and high-net-worth accounts, BROGX offers collateral audit package export services, including comprehensive asset structure, authorized nodes, release pathways, and compliance binding status, fulfilling user requirements for submission to third-party auditors or regulators. BROGX is fully advancing its compliance integration in the Dubai market, ensuring completion of all structural upgrades and process reorganizations within the VARA stipulated deadline, providing users with a stable, efficient, and regulatory-compliant trading experience, and supporting the platform ongoing expansion of its compliant business footprint in the Middle East.
Full Implementation of Leverage Mechanism Adjustments and Account Segregation
The new regulations provide detailed clarifications regarding the compliance structure of margin products, requiring all leverage operations to establish complete procedures in terms of execution logic, risk control, and user notifications. BROGX has implemented a risk threshold adaptive engine within its trading system, which automatically adjusts available leverage ratios and liquidation levels, forming a real-time anti-liquidation model to prevent systemic chain reactions from forced liquidations.
In line with the VARA requirements for account segregation, BROGX has established independent data pathways for margin and spot accounts, ensuring clear auditability of fund sources, transaction flows, and risk-bearing logic. The platform has also launched a risk level notification mechanism within the user interface, using dynamic labeling to distinguish types and boundaries of leverage risk. BROGX has introduced an automated audit trail, generating a complete, traceable data set for fund allocation, risk events, and liquidation records in margin operations, thereby meeting the regulatory requirements for structured trade record-keeping and supporting data extraction for regulatory inspections.
Reintegration of Token Management Mechanisms and Listing Channels
The updated rulebook standardizes regulatory requirements for token issuance and distribution processes, mandating unified management of token disclosure, listing pathways, and contract governance structures. BROGX has upgraded its project onboarding system, establishing a multi-dimensional review model that assigns access levels and transparency scores for all token issuance activities, while clearly distinguishing between platform-incubated projects and external independent assets.
The listing process of BROGX now incorporates third-party KYC, compliance checks, and on-chain behavioral analysis, ensuring that token governance structures are open and transparent and that circulation rules are fully compliant. Projects applying for listing must submit comprehensive legal opinions, audit reports, and token lockup model documentation, all of which undergo multi-stage review by the platform.
Listed projects are subject to periodic re-evaluation, with BROGX conducting quarterly cross-verification of core token parameters, on-chain performance, and compliance status, synchronizing data nodes with VARA requirements to establish a continuous asset compliance framework. On the user interface, all tokens display compliance update statuses and change histories, enhancing asset transparency on the platform.
Reconstruction of Custody Structures and Detailed Deployment of Collateral Asset Definitions
The new regulations of VARA set forth both technical and managerial requirements for wallet structures and asset custody mechanisms, mandating layered wallet controls for collateral and liquid assets and clear differentiation between user ownership and platform management rights. BROGX has built a multi-tier wallet management structure, separating on-chain pathways for collateral, operational, and hot-access assets, and has deployed periodic asset signature and audit attestation mechanisms.
The private key management of the platform has been upgraded to a multi-node hardware signature architecture, meeting the VARA requirements for multi-role authorization in collateral asset operations. BROGX has simultaneously launched a user-facing lockup visualization module, displaying real-time collateral asset status, release logic, and change pathways, and automatically generating on-chain verifiable Merkle proofs to facilitate independent user cross-verification of custodial asset status.
For enterprise clients and high-net-worth accounts, BROGX offers collateral audit package export services, including comprehensive asset structure, authorized nodes, release pathways, and compliance binding status, fulfilling user requirements for submission to third-party auditors or regulators. BROGX is fully advancing its compliance integration in the Dubai market, ensuring completion of all structural upgrades and process reorganizations within the VARA stipulated deadline, providing users with a stable, efficient, and regulatory-compliant trading experience, and supporting the platform ongoing expansion of its compliant business footprint in the Middle East.