Dubai regulator warns of Memecoin risks and says regulations must be followed

Odaily News Dubai Virtual Asset Regulatory Authority (VARA) has issued a warning about the risks associated with Meme Coin, warning investors not to invest in speculative and unregulated assets. The regulator said that these assets are speculative, volatile, and susceptible to market manipulation. It also urged investors to be cautious when receiving unrealistic promises of returns, and stressed that such promises often indicate fraud. (Cointelegraph)