BG, unlicensed by VARA, potentially breached regulations by issuing and marketing ISLM tokens in Dubai without approval, requiring immediate cessation of activities and obtaining necessary VARA licenses.
AlexBored Gen DMCC (BG), the parent entity of Islamic Coin, had been under VARA's scrutiny regarding the legal issuance, marketing, and distribution of the token.
AlexKomainu, a collaborative venture in the cryptocurrency custody sector involving Nomura, Ledger, and CoinShares, has successfully acquired an operating license from Dubai's Virtual Asset Regulatory Authority (VARA).
BrianWhile the founders and CEO have settled their fines, VARA reported that OPNX is yet to make the required payment, potentially leading the regulator to take further measures against the platform.
SnakeThe market alert issued by VARA states that BitOasis is being reviewed for failing to meet the mandated conditions required for VARA-regulated market activity within the specified 30-60 day timeframes. Earlier this year, BitOasis was granted Dubai's "minimum viable product operational license," but the regulator may now rescind that license.
Coinlive CryptoGPT red flags called out by Jason Yanowitz include 'absurd' 2 million user claim and discrepancies in key personnel.
CryptoSlateA New Ecology of the Industry Under Financial Crisis (Abridged Version)
Coinlive The exchange said the issue was caused by a third-party cloud service provider.
Beincrypto
NulltxThe license will allow crypto exchange OKX to offer services and products to investors and financial services providers in Dubai.
Cointelegraph