UAE / Firms / CoinMENA

CoinMENA

CoinMENA: 1 company holds an active VASP licence from Dubai's VARA (CoinMENA FZE, VL/23/09/001), permitted to serve retail, qualified and/or institutional investors. VARA register read 21 Oct 2026.

Status

VARA licence (active) · checked 21 Oct 2026
Dubai VARA only (excluding the DIFC). Licences from the SCA, ADGM's FSRA or the DIFC's DFSA are not covered.

VARA licence

CoinMENA FZE: VASP licence VL/23/09/001, issued 30 Nov 2023, status Active. Activities: Broker-dealer. Licence condition: “Permitted to serve Institutional Investors, Qualified Investors and Retail Investors.” Website listed by VARA: coinmena.com. SCA register number CMA-VASP-0100000-0011. VARA register official

VARA notice

22 Jun 2026: VARA notice of fines: after supervisory inspections from inception through FY 2025, VARA found compliance failures in CoinMENA's anti-money-laundering programme and imposed a financial penalty; VARA says CoinMENA accepted the findings and started a remediation plan. VARA notice official

Activity

Broker-dealer · major brand (Main licensed activity (exchange > broker-dealer > custody > other))

Public statement

Not applicable.

History

• 30 Nov 2023VARA VASP licence issued to CoinMENA FZE (Broker-dealer). — vara.ae official
• 22 Jun 2026VARA notice of fines: after supervisory inspections from inception through FY 2025, VARA found compliance failures in CoinMENA's anti-money-laundering programme and imposed a financial penalty; VARA says CoinMENA accepted the findings and started a remediation plan. — vara.ae official

Read More

• 59 Companies Hold a VARA Crypto Licence in Dubai. Who May Serve Retail
• VARA's Enforcement Record: Fines on MEXC, KuCoin and OPNX, and 19 Unlicensed Firms

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