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Dubai's VARA Issues Warning on Memecoins and Associated Risks
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Dubai’s VARA Issues Warning on Memecoins and Associated Risks

The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a warning to consumers and investors about the potential risks linked to advertisements promoting subscriptions to memecoins. Memecoins are categorized as highly speculative and volatile assets, often susceptible to market manipulation. According to VARA, many memecoins lack intrinsic value and their pricing is primarily influenced...