Dubai Intensifies Decisive Action on Unlicensed Crypto Firms as UAE Strengthens Global Hub Status
Crypto Economy⚪ neutral
Dubai Intensifies Decisive Action on Unlicensed Crypto Firms as UAE Strengthens Global Hub Status
• Crypto Economy⚪ neutral
TL;DR Dubai's Virtual Assets Regulatory Authority (VARA) recently fined 19 crypto firms for operating without proper licenses, with penalties ranging from AED 100,000 to AED 600,000. Immediate cease-and-desist orders were issued to stop unapproved activities.
Article Details
Source
Crypto Economy
Published
October 7, 2025 at 03:22 PM
Sentiment
⚪ neutral
Type
Article
Category
bitcoin
Topics
CryptoNews
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