Dubai Updates Marketing Guidelines For Virtual Assets

According to BlockBeats, Dubai's cryptocurrency regulatory authority has updated its marketing guidelines for virtual assets, requiring companies to include disclaimers that clearly outline investment risks. Starting October 1, companies promoting virtual assets in the UAE must feature a 'prominent' disclaimer stating that 'virtual assets may partially or completely lose their value and are subject to extreme volatility,' as announced by the Dubai Virtual Assets Regulatory Authority (VARA) on Thursday. VARA's CEO, Matthew White, emphasized that by providing clear and actionable guidance, they aim to help virtual asset service providers (VASPs) offer services responsibly while fostering market trust and transparency.