Licensing and Enforcement Notices, and Warnings

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 <a href="https://jp-ex.io/" target="_blank">www.jp-ex.io</a>] 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