Bitcoin

Dubai&#39;s Virtual Assets Regulatory Authority (VARA) has <a href="https://www.bloomberg.com/news/articles/2024-09-26/dubai-adopts-stricter-rules-around-marketing-crypto-investments?utm_source&#61;telegram&amp;utm_content&#61;crypto&amp;utm_medium&#61;social&amp;embedded-checkout&#61;true&amp;leadSource&#61;uverify%20wall" rel="noopener noreferrer nofollow">released</a> new marketing rules for companies offering virtual assets. The guidelines also include a provision for a disclaimer on the risks involved in this investment. The new rules came into force on October 1 and are intended to increase the disclosure standards and protect investors in the rapidly growing crypto market.Mandatory Risk DisclaimerThe <a href="https://rulebooks.vara.ae/rulebook/b-risk-disclosure-statement" rel="noopener noreferrer nofollow">new rules</a> state that any company advertising virtual assets in the United Arab Emirates (UAE) must include a disclaimer. This disclaimer must state that “virtual assets may lose their value in full or in part, and are subject to extreme volatility.” In its statement on Thursday, VARA underlined the significance of this warning. It is aimed at ensuring that the potential investors are well informed of the risks associated with such investment.Matthew White, the Chief Executive Officer of VARA, noted that these new guidelines are crucial. White <a href="https://www.zawya.com/en/press-release/government-news/dubais-vara-strengthens-marketing-regulations-and-launches-clear-guidance-for-virtual-asset-service-providers-trn701op" rel="noopener noreferrer nofollow">stated</a>:“We believe that by providing clear and actionable guidance, we can help virtual asset service providers (VASPs) deliver their services responsibly while fostering greater trust and transparency in the market,”Global Regulatory TrendsThis is because other countries, such as Belgium and Singapore, have also joined the fray by increasing the measures they take regarding the promotion of virtual assets. In recent years, regulators worldwide have <a href="https://cryptotale.org/dubai-tightens-crypto-marketing-rules-with-risk-disclaimers/" rel="noopener noreferrer nofollow">made efforts to address the issue of ‘Crypto Advertising.’</a><a href="https://cryptotale.org/dubai-tightens-crypto-marketing-rules-with-risk-disclaimers/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Dubai Tightens Crypto Marketing Rules with Risk Disclaimers

CryptoTale

Other articles published on Sep 26, 2024

Worldcoin Fined $830K Over Privacy Breaches in South Korea

Veteran Analyst Peter Brandt Breaks Silence! “A Close Above This Level Will Trigger a Bitcoin Ral...

Crypto Markets React to Global Policy Shifts

NYC Mayor Eric Adams Charged Amid Federal Corruption Probe

Cardano’s Rise Sparks Ethereum Critique

SUI And Ethereum To Hit Fresh ATH’s In Q4, New Multi Function DeFi Exchange Paves The Way To Stre...

Join our free newsletter for daily crypto updates!