The post Dubai Tightens Crypto Rules: Whale Disclosure Mandated appeared on BitcoinEthereumNews.com.

Dubai introduces crypto whale disclosure rules to boost market transparency and reduce manipulation.   VARA strengthens market stability by requiring asset issuers and crypto service providers to disclose reserves.   Dubai imposes strict regulations on memecoins, with penalties for non-compliance up to $135,000. Dubai is tightening its crypto regulations, introducing new measures to increase transparency and combat market manipulation.  The move aimed at exposing the identities of major token holders, known as crypto whales, could set an example for other jurisdictions considering regulating the growing digital asset market. Dubai Aims for Market Clarity & Reduced Manipulation Risks Matthew White, CEO of the Virtual Assets Regulatory Authority (VARA), emphasized that these regulations improve market clarity and reduce manipulation risks. In an interview, White revealed that VARA plans to introduce rules requiring Dubai crypto businesses to disclose major token holders’ ownership structures. These new regulations will focus on virtual asset service providers operating in the region and mandate detailed reporting of the ownership stakes of large holders. https://twitter.com/varadubai/status/1894012913204986111 Transparency Push: Exposing Whale Identities to Curb Manipulation By implementing these rules, Dubai aims to increase market transparency and minimize the risk of manipulation, particularly in cases where a single entity or creator holds a portion of a token’s supply. Despite the pseudonymous nature of crypto transactions, which often record wallet addresses instead of real identities, White believes blockchain technology will play a major role in tracking large asset movements. This technology could help regulators monitor the market and detect possible manipulation, even without revealing the true identities of the holders. Related: Dubai’s VARA: Striking the Right Balance in Crypto Regulation In addition to the crypto whale disclosure rules, VARA is working on other measures to strengthen market stability. These include requiring crypto asset issuers and service providers to disclose reserve compositions and undergo independent audits.…

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Filed under: News - @ March 5, 2025 2:21 pm