VARA imposes penalties totaling up to $163,000 as Dubai intensifies efforts to regulate the virtual assets sector and curb unlicensed crypto activities. Dubai’s commitment to becoming a global hub for regulated digital assets has taken a firm step forward as the Dubai Virtual Assets Regulatory Authority (VARA) fined 19 companies for unlicensed operations and breaches of marketing rules. The penalties, totaling up to $163,000, reflect the emirate’s increasing vigilance over the fast-growing cryptocurrency and virtual assets industry. The fines are part of a broader regulatory push to ensure that all firms operating in Dubai’s crypto market adhere to licensing requirements … Continue reading Dubai Crypto Watchdog Fines 19 Firms in Unlicensed Operations Crackdown