Dubai's Virtual Assets Regulatory Authority (VARA) has introduced a new regulatory framework for crypto exchange-traded derivatives (ETDs), allowing licensed companies to offer these products in the emirate. The framework includes client suitability, leverage and margin controls, asset segregation, disclosure standards, and regulatory intervention powers. Retail leverage is capped at a maximum of 5:1, lower than the leverage levels offered on some offshore crypto derivatives platforms. VARA retains broad authority to intervene during periods of market stress or disorderly trading, including risks of systemic impact. The new rulebook expands efforts to introduce crypto derivatives under regulated conditions in the UAE.