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🧐 New Rules for Cryptocurrency in Dubai
"Major changes"
Marketing Cryptocurrencies for Investment
adopt stricter regulations
On September 26, Bloomberg News reported that,
Dubai’s Cryptocurrency Regulator’s Guidelines for Marketing of Virtual Assets
Updated. New regulations stipulate that when companies conduct marketing activities
A disclaimer needs to be included to clarify the investment risks.
From October 1, those who want to promote virtual assets in the UAE
Companies must have a “conspicuous” disclaimer in the statement
It should be noted that “virtual assets may partially or completely lose value and
and has extreme volatility." Dubai Virtual Asset Regulatory Authority
(VARA) made the above statement on Thursday.
VARA CEO Matthew White said: “We believe
by providing clear and actionable guidance to empower virtual
Virtual Asset Service Providers (VASPs) provide services responsibly,
It can also increase trust and transparency in the market. "
