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Dubai virtual assets regulator warns against investing in memecoins

As the meme coin craze continues, the market capitalization increased from $20 billion in January 2024 to $120 billion by the end of the same year. It is no surprise that Dubai’s Virtual Assets Regulatory Authority (VARA) has issued an alert informing consumers and investors of the risks associated with advertisements promoting subscriptions to memecoins.

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Dubai virtual assets regulator warns against investing in memecoins

As the meme coin craze continues, the market capitalization increased from $20 billion in January 2024 to $120 billion by the end of the same year. It is no surprise that Dubai’s Virtual Assets Regulatory Authority (VARA) has issued an alert informing consumers and investors of the risks associated with advertisements promoting subscriptions to memecoins.

Read More: https://www.cryptopolitan.com/dubai-virtual-assets-regulator-warns-against-investing-in-memecoins/