Dubai's virtual assets regulator is strengthening its requirements for companies promoting crypto investments in the country.
In a press release, Dubai's Virtual Assets Regulatory Authority (VARA) has announced its intention to apply stricter requirements to investments in digital assets.
The regulator has stated these companies must include a prominent disclaimer in their material, acknowledging the potential loss of value and extreme volatility of virtual currencies.
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As part of these new requirements, companies offering incentives for digital assets or related products within Dubai must obtain confirmation of compliance from the regulator, ensuring that these incentives are not used to mislead investors about the risks of their investments.