Regulators in Dubai Flag False Claims on Real Estate Token Trial
- Only VARA and DLD-approved firms may join the real estate tokenization pilot.
- Unlicensed promotions targeting Dubai residents may violate virtual asset regulations.
- Engaging with unauthorized platforms risks financial loss and lacks regulatory protection.
Dubai’s Virtual Assets Regulatory Authority (VARA) and the Dubai Land Department (DLD) have jointly issued a formal alert warning consumers and the market about false claims related to the DLD Real Estate Tokenisation Project.
The advisory targets entities falsely stating involvement in a trial initiative launched March 19, 2025, which is currently restricted to a small, select group of officially approved participants
Who is Authorized for the DLD Tokenization Trial?
According to the announcement, no organizations other than those expressly sanctioned by both VARA and DLD are authorized to participate in the trial. Entities advertising their participation without formal verification from either authority violate regulatory expectations. VARA emphasized that public confirmation of a participant’s status will only be communicated through official DLD or VARA channels.
This misrepresentation coul…
The post Regulators in Dubai Flag False Claims on Real Estate Token Trial appeared first on Coin Edition.
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Regulators in Dubai Flag False Claims on Real Estate Token Trial
- Only VARA and DLD-approved firms may join the real estate tokenization pilot.
- Unlicensed promotions targeting Dubai residents may violate virtual asset regulations.
- Engaging with unauthorized platforms risks financial loss and lacks regulatory protection.
Dubai’s Virtual Assets Regulatory Authority (VARA) and the Dubai Land Department (DLD) have jointly issued a formal alert warning consumers and the market about false claims related to the DLD Real Estate Tokenisation Project.
The advisory targets entities falsely stating involvement in a trial initiative launched March 19, 2025, which is currently restricted to a small, select group of officially approved participants
Who is Authorized for the DLD Tokenization Trial?
According to the announcement, no organizations other than those expressly sanctioned by both VARA and DLD are authorized to participate in the trial. Entities advertising their participation without formal verification from either authority violate regulatory expectations. VARA emphasized that public confirmation of a participant’s status will only be communicated through official DLD or VARA channels.
This misrepresentation coul…
The post Regulators in Dubai Flag False Claims on Real Estate Token Trial appeared first on Coin Edition.
Read More
James Wynn Transfers $1.91 Million USDC to CEXs