Licensing and Enforcement Notices, and Warnings

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the company Koto Crypto DMCC (commercially conducting transactions as “Koto Crypto”), a company using the domain name https://kotocrypto.com/ and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the companies Finchain Payment Service Provider L.L.C. and Finchain Technologies DMCC (both commercially conducting transactions as “Finchain”), using the domain name https://finchain.tech/ and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the company Crypto Force DMCC (commercially conducting transactions as “Crypto Force”), a company using the domain name https://cryptoforce.me/ and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the company Coincashy Commercial Brokers L.L.C. (commercially conducting transactions as “Coincashy”), a company using the domain name https://coincashy.com/ and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the company BTC Bay Payment Services Provider L.L.C. (commercially conducting transactions as “BTC Bay”), a company using the domain name www.btcbay.pro and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the platform known as XT.com, a company using the domain name https://xt.com and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

The Virtual Assets Regulatory Authority (VARA) issues this alert in relation to the company Genesis Digital Assets Commercial Brokers Co. L.L.C. (commercially conducting transactions as “Stabit”), a company using the domain name https://stabit.ae/ and claiming to be registered in the Emirate of Dubai. The platform is conducting virtual asset activities accessible within the UAE without the necessary regulatory approval.

Further to the Virtual Assets Regulatory Authority (VARA) notice dated 4 October 2023 in relation to the enforcement action and ongoing investigation regarding the issuance, marketing and distribution of Islamic Coin (ISLM) by Bored Gen DMCC (BG) and its affiliate entities, investors and market participants are advised that the instances of activity that were the subject of VARA’s investigation referenced therein have been concluded.

The Virtual Assets Regulatory Authority (VARA) is issuing this Alert to draw the immediate attention of all investors and market participants regarding the unauthorised Issuance, Marketing and Retail Distribution of Islamic Coin (ISLM) in and/or from the Emirate of Dubai by Bored Gen DMCC (BG).

Virtual Assets Regulatory Authority (VARA) is issuing this Alert to call the attention of all investors and market participants, to recent media coverage of regulatory action that is being considered and/or has been initiated against the Virtual Asset Service Provider (VASP) JPEX and/or associated companies within the holding group [operational through www.jp-ex.io] and specific individuals associated with these entities.

VARA is issuing this market alert regarding ongoing supervisory controls, and enforcement actions initiated against BitOasis [Reference: MVP/VARA/BITOASIS].

Following the Investor and Marketplace Alert dated 12 April 2023 in relation to opnx.com [OPNX] conducting unregulated activity, Dubai’s Virtual Assets Regulatory Authority [VARA] has issued a formal Letter of Reprimand to OPNX and its founders for...

VARA is issuing this investor and marketplace alert in relation to the Virtual Asset (VA) Exchange OPNX (operating on opnx.com), launched on 04 April 2023.

FTX Exchange FZE – VARA Revocation of Approval and Suspension of MVP Licence