| 1. | All Marketing of or relating to any Virtual Asset or VA Activity in or targeting the UAE must comply with these Marketing Regulations. |
| 2. | No Entity may carry out any Marketing of or relating to any Virtual Asset or VA Activity in or targeting the UAE, unless it complies with these Marketing Regulations at all times. |
| 3. | Marketing of VA Activities. All Marketing of or relating to any VA Activity in or targeting the UAE, must only be carried out—
| a. | by a VASP Licensed by VARA to carry out the VA Activity to which the Marketing relates; or | | b. | on behalf of, and approved by, a VASP Licensed by VARA to carry out the VA Activity to which the Marketing relates.
|
|
| 4. | The Marketing of any Anonymity-Enhanced Cryptocurrencies in or targeting the UAE, and any VA Activity(ies) involving Anonymity-Enhanced Cryptocurrencies is strictly prohibited in the Emirate. |
| 5. | Marketing activities outside of the UAE. For the avoidance of doubt, an Entity is not required to comply with these Marketing Regulations if it satisfies all (collectively) of the following—
| a. | it is not located in the Emirate; | | b. | it does not conduct any VA Activity(ies) in the Emirate; and | | c. | it does not carry out any Marketing of or relating to any Virtual Asset or VA Activity in or targeting the UAE.
|
|