Dubai Pushes Out Crypto Marketing Rules For Investor Protection | Crypto

Dubai Pushes Out Crypto Marketing Rules For Investor Protection

– Dubai will soon be pursuing a new license program directed towards the crypto space service providers, local regulators by introducing marketing and advertising rules for the industry.
– Dubais virtual asset regulatory authority (VARA), a cryptocurrency regulatory had proposed for new guidelines on marketing, advertising and promotions of cryptocurrencies.
– VARA has mentioned about all forms of outreach, communications along with advertising.
– The goals will be to promote awareness, engage customers and investor solicitation among others.
– The given guidelines shall be covering all sorts of virtual asset service providers (VASPs).
– The rules reportedly also require all local virtual asset service providers (VASPs), including advertising platforms, to ensure factual accuracy and openly demonstrate any promotional intent to avoid misleading potential customers.
– VARA is the worlds only independent regulator for the digital assets that is reposnsible for creating an advanced framework which shall facilitate borderless economic opportunity.

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