Bloomberg: Dubai Implements Stricter Regulations on Cryptocurrency Investment Marketing

ChainCatcher news, Dubai's cryptocurrency regulator has updated the marketing guidelines for virtual assets, requiring companies to include disclaimers that clearly state investment risks when marketing.

Starting from October 1, companies wishing to promote virtual assets in the UAE must include a "prominent" disclaimer stating that "virtual assets may partially or completely lose their value and are subject to extreme volatility," the Dubai Virtual Assets Regulatory Authority (VARA) announced on Thursday.

VARA CEO Matthew White stated, "We believe that by providing clear and actionable guidance, we can help Virtual Asset Service Providers (VASPs) offer services responsibly while fostering trust and transparency in the market."