Dubai’s VARA Warns Against Memecoins
Dubai’s Virtual Assets and Regulatory Authority (VARA) has issued a warning about memecoins, emphasizing their speculative nature and potential risks for investors. The regulator cautioned that many memecoins lack intrinsic value, are subject to market manipulation, and rely on social media hype. VARA’s Warning on Memecoins On February 13, VARA released a statement advising investors …