Virtual Asset Regulatory Authority (VARA), the regulator for virtual assets in Dubai, has issued Full Market Product Regulations covering four compulsory rulebooks and activity-specific rulebooks for virtual asset service providers operating within Dubai. The VARA mandates all VASPs to comply with the regulations for marketing, advertising and promotions. The regulations also highlight that traders with trading capital above $250 million must register with the authority and issuance of privacy coins is prohibited in the country. The rule does not apply to the market participants carrying out business activities in the Dubai International Financial Centre.