Press · United Arab Emirates

Quotable numbers with sources. Figures and data are CC BY 4.0: credit “VASP Tracker” with a link.

Key Numbers (21 Oct 2026)

• 59: 59 companies hold an active VASP licence on VARA's public register, from 57 brands. VARA
• 34: 34 of them are permitted to serve retail investors; 24 serve institutional and/or qualified investors only. register
• 19 of the active licences were issued in 2026. VARA
• 30 VARA enforcement and warning notices; 19 unlicensed firms fined in October 2025 alone. VARA
• AED 10,000,000: VARA's fine on OPNX in 2023, the largest amount VARA has published in its notices. VARA

Analysis

• 59 Companies Hold a VARA Crypto Licence in Dubai. Who May Serve Retail

  21 Oct 2026 · Every active licence on VARA's register, what each firm may do, which ones may take retail clients, and the majors that are absent.

• VARA's Enforcement Record: Fines on MEXC, KuCoin and OPNX, and 19 Unlicensed Firms

  21 Oct 2026 · All 30 VARA notices since 2022: who was fined, warned or had approval revoked, and what VARA published about each case.

• Who Regulates Crypto in the UAE: VARA, the SCA and the Central Bank

  21 Oct 2026 · Dubai's VARA, the federal SCA and the CBUAE's 2025 law: what each official source says about who licenses crypto firms, and what this tracker covers.

Contact

Daniel Bradley, founder: press@vasptracker.com.