VARA Steps Up Enforcement to Safeguard Dubai's Virtual Asset Market - 19 Unlicensed Firms Penalised and Public Warning Issued

VARA penalised 19 firms found offering unlicensed virtual asset services to or from Dubai and issued a public warning naming them; VASPs and the public should verify counterparties against VARA's public register before dealing with them.

What firms should do

Informational

Regulator: Virtual Assets Regulatory Authority
Type: Enforcement Notice
Status: Enacted
Published: 7 Oct 2025
Topic: Enforcement
Impact: High

Read it on the regulator's website

Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.

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