Regulation· ★★· neutral·

Dubai's VARA Warns on New Virtual Assets as Rug Pull Risks Rise

  • —VARA warned about risks tied to new virtual assets and DeFi projects
  • —The regulator flagged rug pulls as a key scam tactic
  • —Users were urged to perform due diligence before buying new tokens
Why it matters: Signals growing regulatory scrutiny of new tokens and DeFi in the UAE, which could tighten compliance checks for projects.
Source: Coinfomania
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