The Dubai Virtual Assets Regulatory Authority (VARA) has sanctioned 19 crypto firms for operating unlicensed Virtual Asset operations and violating VARA’s Marketing Regulations. The penalties included cease-and-desist orders alongside fines between AED 100,000 ($27,300) and AED 600,000 ($163,000), adjusted according to the severity and extent of each violation. A Tuesday official statement confirmed the sanctions serve as a public warning to consumers, investors, and institutions that involvement with un ...