Bloomberg : Dubai Adopts Stricter Rules for Cryptocurrency Investment Marketing

On September 26, Dubai's cryptocurrency regulator updated its marketing guidelines for virtual assets, with new rules requiring companies to include a disclaimer when marketing that identifies the risks of the investment.

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

VARA CEO Matthew White said, “We believe that by providing clear and actionable guidance, we can help virtual asset service providers (VASPs) to deliver their services responsibly while promoting trust and transparency in the market.”