19 Crypto Firms Fined for Unlicensed Operations
TLDR
- Dubai VARA fines 19 crypto firms for unlicensed and misleading operations
- Unlicensed crypto activity triggers major fines in Dubai crackdow
- VARA hits 19 digital asset firms with penalties in strict compliance move
- Dubai cracks down on crypto: 19 firms fined for license, marketing breaches
- Crypto firms in Dubai face AED 600K fines for violating VARA regulations
Dubai’s Virtual Assets Regulatory Authority (VARA) has intensified its regulatory oversight by penalizing 19 firms for operating without a license. The enforcement action underscores VARA’s firm approach to safeguarding the digital asset market in the emirate. This move reaffirms Dubai’s commitment to a transparent and fully regulated virtual asset…
