PANews reported on March 31 that, according to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) has released a formal regulatory framework for cryptocurrency exchange-traded derivatives, allowing retail clients to participate in trading after passing a suitability assessment. The new regulations cover requirements regarding client suitability, leverage and margin controls, asset segregation, disclosure standards, and regulatory intervention powers. Retail investor leverage is capped at 5x, and exchanges must restrict access to products if they are unsuitable for specific client groups. VARA stated that during periods of market stress or trading turmoil, the regulator has the authority to intervene, including suspending products, requiring liquidation, and increasing margin requirements. In emergencies, it can require immediate action without prior notice.