UAE Virtual Asset Regulatory Authority (VARA) Regulations
Technology and Information Rulebook – UAE Virtual Asset Regulatory Authority (VARA) Regulations

UAE Virtual Asset Regulatory Authority (VARA) Regulations TI-I.F: Technology and Information Rulebook I.F and I.G: Transaction controls and algorithm governance

Prevent manipulation, collusion and attacks on automated systems; run ledger tracing software to screen incoming and outgoing transactions and wallet addresses, with responses to suspicious activity set in the AML/CFT policies. Where algorithms carry out VA activities, give the Board and senior management oversight of their design, testing, performance, deployment and maintenance, document their logic, data, assumptions, potential biases and results, and staff their supervision competently.

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