🚨 **Crypto Crackdown in Dubai!**

Dubai's Virtual Assets Regulatory Authority (VARA) has issued cease-and-desist orders and fined seven unidentified crypto entities for operating without licenses and breaching marketing regulations. Fines range from 50,000 to 100,000 dirhams ($13,600 to $27,200).

Despite aiming to be a global crypto hub, this move shows Dubai's commitment to strict regulation. Recently, exchanges like Binance, OKX, and Crypto.com received full regulatory approvals.

What do you think about Dubai's strict stance? Share your thoughts in the comments! 💬

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