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VARA Enforcement and Warning Notices

30 notices published by Dubai's VARA (14 enforcement, 16 warning), newest first, read 21 Oct 2026. Titles as published.

VARA regulatory notices, by year2022: Enforcement 1, Warning 0; 2023: Enforcement 4, Warning 4; 2024: Enforcement 1, Warning 7; 2025: Enforcement 4, Warning 2; 2026: Enforcement 4, Warning 3VARA regulatory notices, by yearEnforcement and warning notices published by VARAEnforcementWarning02.254.56.7591120224482023178202442620254372026Source: VARA regulatory notices. VASP Tracker

30 notices as listed by VARA, read 21 Oct 2026. One notice can cover many firms. Source: VARA.

DateTypeVARA notice
24 Jul 2026EnforcementVARA Notice of Fines – Shelbit General Trading L.L.CFirm page: Shelbit
24 Jun 2026EnforcementVARA Notice of Fines – Peken Global Limited (“Kucoin”)Firm page: KuCoin
22 Jun 2026EnforcementVARA Notice of Fines – MX Global LTD (“MEXC”)Firm page: MEXC
22 Jun 2026EnforcementVARA Notice of Fines – CoinMENA FZEFirm page: CoinMENA
5 Mar 2026WarningVARA Investor and Marketplace Alert - Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and Kucoin Exchange EU Gmbh [commercially advertising as “Kucoin”]Firm page: KuCoin
5 Mar 2026WarningVARA Investor and Marketplace Alert - MEXC Estonia OÜ and MEXC Global LTD [commercially advertising as “MEXC”]Firm page: MEXC
19 Feb 2026WarningVARA Consumer and Marketplace Alert - Update on the Real Estate Tokenisation Pilot
27 Oct 2025EnforcementVARA Investor and Marketplace Alert - VESTA PRIME PORTAL CO. L.L.C
7 Oct 2025EnforcementVARA Steps Up Enforcement to Safeguard Dubai’s Virtual Asset Market 19 Unlicensed Firms Penalised and Public Warning Issued
18 Aug 2025EnforcementVARA Notice of Fines – Morpheus Software Technology FZEFirm page: FUZE
23 Apr 2025EnforcementVARA Consumer and Marketplace Alert – Misrepresentation of Participation in the DLD Real Estate Tokenisation Project
25 Feb 2025WarningVARA Consumer and Marketplace Alert – MKAN Coin
13 Feb 2025WarningVARA Consumer and Marketplace Alert - Memecoins
29 Nov 2024WarningVARA Consumer and Marketplace Alert - XTFirm page: XT.com
29 Nov 2024WarningVARA Consumer and Marketplace Alert - Stabit
29 Nov 2024WarningVARA Consumer and Marketplace Alert - Koto Crypto
29 Nov 2024WarningVARA Consumer and Marketplace Alert - Finchain
29 Nov 2024WarningVARA Consumer and Marketplace Alert - Crypto Force
29 Nov 2024WarningVARA Consumer and Marketplace Alert - Coincashy
29 Nov 2024WarningVARA Consumer and Marketplace Alert - BTC Bay
9 Oct 2024EnforcementVARA Continues to Strengthen Enforcement Programme, Issues Fines and Public Warnings Against Engaging with Unlicensed Virtual Asset Firms
16 Nov 2023EnforcementUpdate: VARA Investor and Marketplace Alert - Bored Gen DMCC
13 Oct 2023WarningMARKETPLACE NOTIFICATION: INVESTOR ALERT - Legal Person/ Entity: Bitay Limited Co. Ltd and Bitay Teknoloji Sanayi Ticaret Anonim Şirketi [together ‘Bitay'] Offering/ Product: Bitay Coin
4 Oct 2023EnforcementVARA Investor and Marketplace Alert - Bored Gen DMCC
26 Sep 2023WarningVARA Investor and Marketplace Alert - JP-ex Crypto Asset Platform Pty Ltd + JPEX Technical Support Co. Pty Ltd [collectively “JPEX”]Firm page: JPEX
16 Aug 2023EnforcementVARA Notice of Fines – OPNX ExchangeFirm page: OPNX
10 Jul 2023WarningMARKET NOTIFICATION : ALERT - BitOasis Technologies FZE [BitOasis]Firm page: BitOasis
27 Apr 2023EnforcementVARA Notice of Written Reprimand – OPNX Exchange [opnx.com]Firm page: OPNX
12 Apr 2023WarningVARA Investor and Marketplace AlertFirm page: OPNX
22 Nov 2022EnforcementFTX Exchange FZE – VARA Revocation of Approval and Suspension of MVP LicenceFirm page: FTX

Source: VARA regulatory notices. Fine amounts are shown only where VARA published them.

Cite This Page

VASP Tracker, “VARA Enforcement: Fines and Warnings in Dubai”, https://vasptracker.com/en/ae/enforcement/ (accessed 21 Oct 2026). CC BY 4.0.