-
Dubai Cracks Down on Unlicensed Crypto Firms as VARA Fines 19 Entities
Dubai‘s crypto regulator imposed financial penalties and issued cease-and-desist orders to 19 firms found offering crypto services outside the official regulatory framework. Following thorough investigations, VARA identified multiple entities violating licensing requirements and marketing regulations in the virtual asset sector. The regulator enacted fines ranging from AED 100,000 to AED 600,000, scaling penalties according to severity and scope of offenses. Beyond financial sanctions, these companies received orders to immediately halt their unlicensed operations and desist from promoting unauthorized services ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From ir.theice.com | Oct 7, 2025
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced a strategic investment in Polymarket, the prediction market and information platform tracking event probabilities across markets, politics, sport and culture. Under the terms of the agreement, ICE will invest up to $2 billion in Polymarket, ...
From brecorder.com | Oct 7, 2025
A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks to investors and market stability. Buoyed by President Donald Trump’s pro-crypto stance and his administration’s push for friendly regulations, the crypto industry ...
From prnewswire.com | Oct 7, 2025
S&P Global (NYSE: SPGI) today announced plans to expand its S&P Dow Jones Indices ("S&P DJI") crypto index offering with the launch of the S&P Digital Markets 50 Index. Dinari, a leading provider of tokenized U.S. public securities, has collaborated with S&P Global on the index design and will create a token tracking the benchmark. The index is designed to ...
