Dubai regulator Vara Sanctions 19 Crypto companies operating without a license – fines up to $163,000 each
Dubai Virtual Asset Regulatory Authority (VARA) has authorized 19 crypto companies for operating unauthorized virtual asset management and violating VARA’s marketing regulations. The penalties included suspension and assumption orders along with fines between AED 100,000 ($27,300) and AED 600,000 ($163,000) adjusted according to the severity and scope of each violation. An official statement on Tuesday…
