Dubai Regulators Issues Crypto Rules

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To protect investors, Dubai's new Virtual Asset Regulatory Authority needs more clarity and openness from industry marketers and promoters.

Local regulators are imposing extra marketing and promotion limits for the industry as Dubai moves forward with a new license scheme for bitcoin service providers.

On August 25, Dubai's Virtual Asset Regulatory Authority (VARA), the city's specialized crypto regulator, purportedly published new regulatory restrictions on virtual asset marketing, advertising, and promotion.

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