Dubai regulator cracks down on 19 unlicensed cryptocurrency operators
on Tuesday, the Dubai Virtual Assets Regulatory Authority (VARA) announced that it has imposed economic penalties and cessation orders on 19 companies operating outside its regulatory scope. VARA stated that these sanctions are part of its ongoing efforts to protect the rapidly growing digital asset ecosystem of the emirate and limit the risks of unauthorized crypto activities.
All sanctioned entities have been ordered to immediately cease operations and stop promoting any unauthorized services in or from Dubai. These entities have also been fined between 100,000 and 600,000 dirhams (27,000 to 163,000 USD), depending on the severity and scope of the violations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AAVE experiences a 14.6% decline over 7 days as large investors make moves and short positions are rebalanced
- AAVE fell 14.6% in 7 days amid whale activity, including a $561M ETH withdrawal from Aave to Binance. - BitMEX co-founder Arthur Hayes sold $4.96M in crypto assets, including 1,630 AAVE tokens, reflecting broader portfolio adjustments. - Whale short positions and leveraged trades highlight risks in DeFi markets, with $125M paper losses and $7M floating profits exposing high-stakes strategies.
Bitcoin News Today: Chinese Pensioners Defrauded in £4.6 Billion Cryptocurrency Pyramid Scheme, Mastermind Receives 11-Year Sentence in Historic UK Trial
- UK sentences Qian Zhimin to 11 years for £4.6B crypto Ponzi scheme defrauding 128,000 investors. - Case marks largest UK crypto seizure (61,000 BTC, $5-6B) in history, involving global cross-border investigation. - Victims, mostly Chinese retirees, lost life savings via patriotic-themed scams exploiting false political endorsements. - Sentencing highlights cross-border crypto crime challenges despite international cooperation between UK and Chinese authorities.
Solana News Today: "Solana Treasury Allocates Billions in Staking, Offering 7.7% Returns Amid Ongoing Market Skepticism About Crypto Rebound"
- Upexi , a Nasdaq-listed Solana treasury firm, reported $66.7M net income in Q1 2026, driven by $78M in unrealized gains from its 2.18M SOL holdings. - The Solana treasury sector now holds 24.2M SOL ($3.44B), with Upexi ranking fourth and staking yields averaging 7.7% as a corporate asset class. - Market volatility triggered defensive moves like Upexi's $50M share buyback, while its stock trades at 0.68x NAV amid broader crypto skepticism. - Solana's on-chain activity outpaces Ethereum , with TVL reaching
COAI's Significant Price Decline: The Result of Leadership Instability, Ongoing Legal Issues, and Ambiguous Regulatory Environment
- COAI Index fell 88% YTD in 2025, driven by AI/crypto AI sector selloff amid governance failures and regulatory uncertainty. - C3.ai's leadership crisis and unresolved lawsuit eroded investor trust, compounding COAI's decline as index cornerstone. - Vague CLARITY Act left AI-based crypto projects in legal gray zones, triggering risk-off trading toward established tech stocks. - C3.ai's $116.8M Q1 loss and sector-wide weakness highlighted structural risks despite 21% revenue growth. - Analysts debate if CO
Trending news
MoreCrypto prices
More
