Dubai’s crypto regulator 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 had data-ct-non-breakable=”null” href=”https://www.vara.ae/en/regulations/regulatory-notices/vara-steps-up-enforcement-to-safeguard-dubai-s-virtual-asset-market-19-unlicensed-firms-penalised-and-public-warning-issued/” rel=”noopener nofollow” target=”_blank” title=”null”>issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside 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 of unlicensed crypto…

Dubai’s crypto regulator 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 had data-ct-non-breakable=”null” href=”https://www.vara.ae/en/regulations/regulatory-notices/vara-steps-up-enforcement-to-safeguard-dubai-s-virtual-asset-market-19-unlicensed-firms-penalised-and-public-warning-issued/” rel=”noopener nofollow” target=”_blank” title=”null”>issued financial penalties and cease-and-desist orders against 19 companies found to be operating outside 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 of unlicensed crypto…