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Dubai’s VARA Cracks Down on Scammers Hijacking Real Estate Tokenization Wave

Dubai’s VARA Cracks Down on Scammers Hijacking Real Estate Tokenization Wave

Published:
2025-04-24 13:30:21
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Dubai’s VARA alerts public about fake participants in real estate tokenization initiative

Dubai’s Virtual Assets Regulatory Authority (VARA) just dropped a warning flare—fraudsters are impersonating officials in the emirate’s high-profile real estate tokenization push. No surprise—where there’s money, there’s grift.

The regulator didn’t name names but made it clear: fake ‘partners’ are circling like vultures. Tokenization promises to unlock liquidity in Dubai’s property market, but scammers see it as a chance to fleece eager investors.

VARA’s move shows crypto’s wild west phase isn’t over—even in regulated hubs. Meanwhile, traditional finance bros are still trying to tokenize their golf club memberships.

|Square

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