Attention crypto enthusiasts! đ
- **Dubai tightens crypto rules**: Regulator VARA issued fines and cease orders to 7 companies for operating without a license and violating marketing rules.
- **Warning to the public**: VARA urges to avoid unlicensed firms to avoid financial and reputational risks.
- **Fines and penalties**: Fines range from 50,000 to 100,000 dirhams.
- **Goal**: Ensure a safe and progressive crypto ecosystem in Dubai.
What do you think about these measures? Leave us your comment!