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You’ll Never Be a Crypto Millionaire if You Don’t Listen to Dubai’s Ultimatum – 7 Unlicensed Exchanges Just Got the Boot

An illustration depicts a cityscape at sunset with two hands holding scales - one hand holds a key (representing license) while the other hand has a red 'X' marked through it, symbolizing unlicensed operations. In the background, financial charts and cryptocurrency symbols are shown in disarray as if being swept away by strong winds.

Dubai’s latest crackdown on unlicensed crypto exchanges should be a wake-up call for all you wannabe millionaires out there: if it sounds too good to be true, it probably is… or at least, that’s what the fine print says.

Source: bitcoin.com

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of the risks associated with dealing with unlicensed crypto businesses, emphasizing the potential for financial and reputational harm. The Dubai Virtual Assets Regulatory Authority (VARA) has issued cease-and-desist orders against seven […]

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