Dubai's VARA Issues Cease-and-Desist Notices to KuCoin, MEXC
6 March 2026 - 13:53 CET
By Parikshit Mishra
Dubai’s digital-asset regulator has issued cease-and-desist notices to several crypto exchanges. The move is part of a broader effort to tighten oversight of non-licensed firms operating within the region.
On 5 Mar, the Virtual Assets Regulatory Authority (VARA) issued two separate notices to KuCoin and MEXC. VARA has warned the two exchanges to cease all activities in Dubai or face legal consequences. The two firms were allegedly operating without a licence, a requirement for all virtual asset activities in the United Arab Emirates (UAE).