The Dubai Virtual Assets Regulatory Authority (VARA), one of the regulators of the cryptocurrency industry in the United Arab Emirates, said it has fined seven cryptocurrency entities for operating without the required licenses and violating marketing regulations.
VARA did not name the entities and said it was investigating them with the local government. The fines for each entity ranged from 50,000 dirhams (about $13,600) to 100,000 dirhams.
The Dubai Virtual Assets Regulatory Authority has issued cease-and-desist orders and fined seven illegal crypto entities
2024-10-10 11:50:37
Dubai virtual asset regulator authority vara united arab emirates emirate state cryptodesk3cryptocurrencydesktopCrypto News
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