All regulatory updates
Virtual Assets Regulatory Authority
VARA Investor and Marketplace Alert - Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and Kucoin Exchange EU GmbH (commercially advertising as KuCoin)
VARA warned the public that entities operating under the 'KuCoin' brand are not licensed by VARA and directed them to cease soliciting Dubai-based clients; this alert preceded a formal fine against related KuCoin entities (Peken Global Limited) in June 2026.
What firms should do
Informational
- Regulator
- Virtual Assets Regulatory Authority
- Type
- Enforcement Notice
- Status
- Enacted
- Published
- 5 Mar 2026
- Topic
- Enforcement
- Impact
- Medium
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.
Arakan Lexara Weekly
Get the week's UAE regulatory changes every Monday.
Key developments, what firms are asked to do and the deadlines ahead. Free.