On July 6, the three major regulatory authorities in the UAE—Identification, Citizenship, Customs and Port Security Authority (ICP), Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA)—issued a joint statement, firmly denying reports that staking Toncoin (TON) would qualify for the country's Golden Visa. Following the clear denial from the UAE regulatory authorities, investor confidence rapidly collapsed, leading to a sharp fall of 10% in the price of Toncoin, completely erasing the gains made earlier due to the Golden Visa news.

Gate News bot message, Sui has partnered with the Dubai Virtual Assets Regulatory Authority (VARA) to support startups, cultivate local talent, and provide regulatory guidance for Web3 innovation in the Middle East.

According to a report by Jinse Finance, the Solana Foundation has just signed a Memorandum of Understanding (MOU) with the Dubai Virtual Assets Regulatory Authority (VARA), laying the foundation for in-depth cooperation between encryption builders and regulatory agencies. Talent Development Program The impact of the sharing economy and industry data Hold seminars and provide consulting services for entrepreneurs. Support the establishment of a Solana economic zone in Dubai. Dubai has already become one of the most crypto-friendly cities in the world. This collaboration will help Solana founders directly integrate into this development momentum.

Gate News bot news, the Solana Foundation announced that it has signed a memorandum of understanding with the Dubai Virtual Assets Regulatory Authority (VARA), involving the following areas: > Talent development programs > Sharing economic impact + industry data > Hosting workshops + consultation meetings for founders > Supporting the establishment of a Solana economic zone in Dubai.

Gate News bot reported that the Dubai Land Department (DLD) launched what is said to be the first tokenized real estate investment platform in the Middle East, "Prypco Mint". The program is implemented in partnership between Prypco and Ctrl Alt and is supported by the Virtual Assets Regulatory Authority (VARA), the Central Bank of the UAE, and the Dubai Future Foundation. Zand Digital Bank has been designated as a banking partner in the pilot phase.

Odaily Planet Daily News Decentralized Finance platform MANTRA has obtained a Virtual Asset Service Provider (VASP) license issued by the Dubai Virtual Asset Regulatory Authority (VARA), which will enhance MANTRA's influence in the Middle East and support its tokenization of real-world assets (RWA) follow. (Coindesk)

Odaily Planet Daily News Dubai Virtual Assets Regulatory Authority (VARA) has issued a warning regarding the risks associated with Meme coin, cautioning investors against investing in speculative and unregulated assets. The regulatory body stated that these assets are speculative, volatile, and susceptible to market manipulation. It also urged investors to act cautiously when receiving unrealistic return promises, emphasizing that such promises often indicate fraudulent activities. (Cointelegraph)

BlockBeats news, on February 14th, according to Cointelegraph, the Virtual Asset Regulatory Authority (VARA) of Dubai issued an investor warning, requiring Meme coins issued in Dubai to comply with VARA's regulatory requirements. VARA reminds investors to be aware of the risks associated with Meme coins, stating that "such assets are highly speculative, volatile, and susceptible to market manipulation. Many of these assets lack Intrinsic Value, and their prices are mainly driven by social media trends, speculation, or misleading marketing strategies." According to the regulations, Meme coins issued in Dubai must comply with marketing regulations in terms of promotion, advertising, etc., and institutions that violate marketing rules may face fines of up to $135,000. At the same time, VARA also warned that the authority has the right to restrict access to meme coin platforms without prior notice.

On November 16th, the OneBlock+ community will host the 2024 Polka Hackerthon final Demo Day in Bangkok, Thailand, providing various assistance to the development teams of the Polkadot ecosystem. The competition sets four main themes, with a total prize pool of $315,000. Bounty sponsors include Vara Network & Gear, CESS Network, Unique, Bifrost, Darwinia Network, Moonbeam, Blockchain for good, etc.

Golden Finance reported that the Virtual Asset Regulatory Authority (VARA) in Dubai announced that companies promoting digital asset investments in the country must prominently display disclaimers stating that "virtual assets may depreciate in whole or in part and are subject to significant Fluctuation". VARA CEO Matthew White said that providing clear and actionable guidance can help virtual asset service providers (VASPs) to "provide services responsibly".