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