According to Odaily, the Dubai Virtual Assets Regulatory Authority (VARA) has issued a warning regarding the risks associated with meme coins. The regulatory body advises investors to avoid speculative and unregulated assets, highlighting their speculative nature, volatility, and susceptibility to market manipulation. VARA urges caution when investors encounter promises of unrealistic returns, emphasizing that such promises often indicate fraudulent activities. Meme coins issued in Dubai are required to comply with the rules enforced by VARA.