Pexels.com/tommaso picone
Main page News, Crypto Market, Regulations

Dubai's Virtual Asset Regulatory Authority (VARA) has introduced guidelines on marketing of cryptocurrencies to "safeguard community interests." According to a local news outlet Gulf News, new requirements cover communications and advertising, customer engagement, and so on.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

New rules also require all local registered virtual asset service providers to "ensure factual accuracy" and avoid misleading investors with the size of returns. VARA said:

"These regulations specifically address marketing and communications activities, ahead of operationalising the MVP licensees so that any mass-market information dissemination, and consumer solicitation are designed to safeguard community interests."

Dubai Set to Create Over 40,000 Jobs in Metaverse

Dubai set up VARA in March 2022 to ensure "maximum transparency and security" for cryptocurrency investors. The regulator handles the UAE's crypto licensing regime and monitor trades to prevent price gauging.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.