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Home BlockchainDubai Orders Crypto Exchange KuCoin to Stop Offering Services to Residents
Blockchain

Dubai Orders Crypto Exchange KuCoin to Stop Offering Services to Residents

by Decrypt
written by Decrypt 0 comments
Dubai Orders Crypto Exchange KuCoin to Stop Offering Services to Residents

In brief

  • Dubai’s virtual asset regulator, VARA, issued a cease and desist order to KuCoin saying that it is not licensed in the emirate.
  • The regulator urged consumers and investors not to utilize the exchange as a result.
  • Another crypto exchange, MEXC, also received a similar warning, though it didn’t contain the cease and desist language.

Dubai’s digital asset regulatory body has ordered Kucoin Exchange EU Gmbh—operating as Kucoin—to cease and desist its operations in the emirate, according to a…

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