Dubai regulator fines 19 crypto firms for licensing breaches

9. oktober 2025 Rapporteret af AI

Dubai's Virtual Assets Regulatory Authority (VARA) has imposed fines on 19 cryptocurrency companies for operating without licenses and violating marketing rules. Penalties range from $27,000 to $163,000, with orders to halt operations immediately. The crackdown aims to protect consumers and ensure regulatory compliance in the emirate's digital asset sector.