Dubai regulator says memecoins must adhere to regulations

Dubai's VARA Warns of Memecoin Risks Amid Tighter Crypto Regulations

Dubais Virtual Assets Regulatory Authority (VARA) has cautioned investors about memecoins, highlighting their volatility and vulnerability to market manipulation. VARA noted that memecoins, often driven by social media hype, typically lack intrinsic value, posing high financial risks. The regulator warned against promises of unrealistic returns, which could indicate fraudulent schemes. The authority emphasized that memecoins issued in Dubai must…

Burwick Law chief refuses to comment on Dogshit2 memecoin

Burwick Law chief refuses to comment on Dogshit2 memecoin Max Burwick, the managing partner of Burwick Law, which is currently suing Pump Fun, has questioned why the launch of the Dogshit2 memecoin matters while refusing to comment on who launched the token in the first place.  Burwick made the comments in a Thursday interview hosted by Dancing Eddie, a legal intern for Cube Exchange. Dogshit2 was featured in Burwick Law’s dossier of evidence ag…

Dubai’s VARA issues warning about the risks associated with memecoins

Dubai’s Virtual Assets Regulatory Authority has warned of memecoin risks and high volatility Compliance with VARA regulations is mandatory for memecoins VARA may restrict memecoin platforms without notice Dubai’s Virtual Assets Regulatory Authority (VARA) has sounded the alarm on the burgeoning trend of memecoins, highlighting the significant risks these volatile digital assets pose to investors. In an alert issued on February 13, 2025, VARA cau…

Dubai Regulator Emphasizes Need for Memecoins to Comply with Regulations

The regulatory authority in Dubai issues a cautionary statement about meme coins, emphasizing on the risks associated with these speculative assets. In a recent development, the Dubai Financial Services Authority (DFSA) highlighted the volatility and lack of regulation in the meme coin market, urging investors to exercise caution. Meme coins, a type of cryptocurrency inspired by internet memes, have gained popularity in recent years due to their…

Dubai regulator says memecoins must adhere to regulations

Dubai’s crypto regulator said any virtual assets issued in the emirate must adhere to its regulations.

VARA Warns on Memecoins as Capitalization Hits $120B: MOEI Partners with Shiba Inu

Dubai’s Virtual Assets Regulatory Authority (VARA) recently issued a consumer alert addressing the risks associated with advertisements promoting subscriptions to memecoins. This alert follows the recent partnership between the UAE Ministry of Energy (MOEI) and Shiba Inu to explore Web3 solutions in energy, infrastructure, and governance.VARA Warns on Memecoin RisksThe market capitalization of meme coins has surged from $20 billion in January 20…