Source: Coindesk.com
Dubai's virtual-assets regulator issued cease-and-desist orders and fined seven unidentified crypto entities. The emirate projects itself as a crypto hub, and has recently given licenses to crypto exchanges Binance, OKX and Crypto.com.
Dubai's Virtual Assets Regulatory Authority (VARA), one of the bodies overseeing the crypto industry in the United Arab Emirates
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Source: Coindesk.com