regulation

VARA Compulsory Rulebook — Broker-Dealer Services

Issuing bodyVARA
CountryUAE
RegionADGM
Virtual AssetsMarketing RegulationEnforcementPenalties

This VARA (Dubai Virtual Assets Regulatory Authority) document outlines penalties and enforcement measures for violations of marketing regulations related to virtual assets. It details actions VARA can take, including warnings, fines, suspension of marketing activities, license revocation, and public statements, for entities failing to comply with marketing and advertising rules.

Key requirements
  • Ensure marketing materials meet the requirements of paragraphs II.1 and II.5 of the Marketing Regulation.
  • Comply with cease and desist warnings issued by VARA.
  • Refrain from violations that may lead to penalties, including fines and suspension of activities.
Applies to: Entities involved in marketing, promotion, or advertising of virtual assets in Dubai under VARA's jurisdiction.
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AI-generated summaries only. Arabic originals are legally binding. This is not legal advice. · ← All documents