Dubai Publishes New Rules Regarding Cryptocurrency Ads

The authorities of Dubai have introduced new rules for posting content that promotes investments in digital currencies.

The amendments to the legislation have been made by the Dubai Virtual Assets Regulatory Authority (VARA). According to it, the Internet and the Dubai media have become the main platforms for promoting crypto investments.

At the same time, the advertising material must contain information about the risks of investing in cryptocurrencies and about the responsibility that investors themselves bear. According to the authorities, such a requirement will protect retail consumers.

Only those companies that have received licenses from the authorities and have been included in a special register can to publish advertising content.