Dubai’s cryptocurrency regulator has updated its guidelines for marketing virtual assets, requiring companies to include disclaimers clarifying investment risks when marketing.
As of October 1, companies seeking to promote virtual assets in the UAE must include a "conspicuous" disclaimer stating that "virtual assets may partially or completely lose their value and are subject to extreme volatility," Dubai Virtual Asset Regulation Agency (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) provide services responsibly while promoting trust and transparency in the market.” (Bloomberg)