Dubai Enforces New Crypto Rule Mandating Risk Disclaimers

Dubai Enforces New Crypto Rule Mandating Risk Disclaimers

The United Arab Emirates’ Virtual Assets Regulatory Authority (VARA) has introduced a new rule requiring cryptocurrency firms to include explicit risk disclaimers in their marketing materials. Effective October 1, crypto companies marketing in the UAE must inform potential investors that “virtual assets may lose their value in full or in part, and are subject to extreme volatility,” according to a report by Bloomberg. The updated marketing gu...

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