VARA Penalizes 19 Crypto Firms for Operating Without Licenses in Dubai

Dubai’s Virtual Assets Regulatory Authority (VARA) has sanctioned 19 firms for operating without due licenses within its region. Following an investigation, VARA confirmed breaches of its Marketing and Promotion Regulations and issued cease-and-desist orders alongside financial penalties. Each violation carried fines between AED 100,000 and AED 600,000, depending on the scope of activity and level […] Read The Full Article VARA Penalizes 19 Crypto Firms for Operating Without Licenses in Dubai On Coin Edition.