Dubai’s crypto regulator Virtual Assets Regulatory Authority (VARA)has implemented updated marketing guidelines for virtual assets, introducing stricter rules to protect investors.
Dubai Adopts Stricter Rules for Crypto Investment Marketing
1 OctoberFrom now on, firms promoting virtual assets in the United Arab Emirates (UAE) will include a prominent disclaimer in their marketing materials warning of the risks associated with these investments. In disclaimer “virtual assets may lose their value in whole or in part and may be subject to extreme fluctuation.” will be clearly stated.
VARA’s updated guidelines aim to ensure that virtual asset service providers (VASPs) operate in a transparent and responsible manner.
Matthew White, Chief Executive of VARA, emphasized that clear and actionable guidance will help companies build greater trust and transparency in the market.
UAE’s move to regulate crypto marketing comes as it tightens its own regulations on crypto-related advertising Belgium ve Singapore It is compatible with the measures taken by countries such as.
For example, Belgium now uses advertising “The only guarantee in crypto is risk” The UK has banned referral bonuses, which are widely used in the industry.
Additionally, firms offering incentives for virtual assets in the UAE will need to obtain compliance approval from VARA.
Incentives should not mislead investors or prevent them from properly assessing the risks involved. The new rules mark a significant step towards ensuring safer crypto investments in Dubai’s growing virtual asset market.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/dubai-kripto-para-duzenleme-kurumu-1-ekimden-itibaren-daha-kati-kripto-kurallari-getiriyor-iste-o-kurallar/
