Bloomberg: Dubai adopts stricter rules on cryptocurrency investment marketing

BlockBeats news, September 26, according to Bloomberg, Dubai's cryptocurrency regulator has updated the marketing guidelines for virtual assets. The new rules require companies to include a disclaimer when marketing and clarify the investment risks.

From October 1, companies that want to promote virtual assets in the UAE must include a "significant" disclaimer stating that "virtual assets may partially or completely lose their value and have extreme volatility," the Dubai Virtual Asset Regulatory Authority (VARA) said on Thursday.

"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," said Matthew White, CEO of VARA.