October 7, 2025

Dubai regulator fines TON DLT Foundation and 18 other VASPs

Dubai’s Virtual Asset Regulatory Authority (VARA) has penalized 19 VASPs for carrying out unlicensed virtual asset activities and for breaches of VARA’s marketing regulations. The penalties ranged from AED 100,000 to AED 600,000 ($27,000 to $163,000) …

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