🚨 Dubai's Crypto Crackdown! 🚨

- Dubai’s Virtual Assets Regulatory Authority (VARA) just dropped the hammer on seven unlicensed crypto firms. Fines and cease-and-desist orders are flying like confetti at a blockchain party!

- VARA is teaming up with local authorities for deeper investigations. They’re not naming names, but the message is clear: get licensed or get out.

- Public warning: Avoid unlicensed crypto firms unless you enjoy financial and reputational risks.

- Fines range from $13,600 to $27,200. VARA is serious about keeping Dubai’s crypto scene safe and compliant.

- New marketing rules mean crypto ads must now come with a “buyer beware” disclaimer.

Stay savvy, crypto enthusiasts! 🌐