The encryption organizer in Dubai said that any virtual assets issued in the emirate should adhere to its regulations.
Dubai virtual assets and the VARA regulatory body issued a warning about the risks associated with the mines, and warned investors against speculative and unorganized assets.
On February 13, Dubai Craftsman to caution Investors are highly risk and unorganized memecoins. The organizer said that these assets are speculative, volatile and subject to manipulation of the market. Vara wrote:
Vara urged investors to be careful when submitted with unrealistic returns, while emphasizing that such promises often indicate fraudulent plans.
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