Dubai’s crypto regulator sanctioned 19 companies for unlicensed operations and marketing violations, imposing fines up to $163,000. Dubai’s crypto regulator has fined 19 companies for operating without licenses, signaling a continued push to strengthen oversight and protect investors.On Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside of its regulatory perimeter. VARA said the sanctions were part of its ongoing effort to safeguard the emirate’s fast-growing digital asset ecosystem and limit the risks tied to unlicensed crypto activities.Read more Dubai’s crypto regulator sanctioned 19 companies for unlicensed operations and marketing violations, imposing fines up to $163,000. Dubai’s crypto regulator has fined 19 companies for operating without licenses, signaling a continued push to strengthen oversight and protect investors.On Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside of its regulatory perimeter. VARA said the sanctions were part of its ongoing effort to safeguard the emirate’s fast-growing digital asset ecosystem and limit the risks tied to unlicensed crypto activities.Read more
Dubai regulator cracks down on 19 unlicensed crypto operators
Dubai’s crypto regulator sanctioned 19 companies for unlicensed operations and marketing violations, imposing fines up to $163,000.
Dubai’s crypto regulator has fined 19 companies for operating without licenses, signaling a continued push to strengthen oversight and protect investors.
On Tuesday, Dubai’s Virtual Assets Regulatory Authority (VARA) announced that it issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside of its regulatory perimeter.
VARA said the sanctions were part of its ongoing effort to safeguard the emirate’s fast-growing digital asset ecosystem and limit the risks tied to unlicensed crypto activities.
Read more
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