Regulatory NOTICES

Licensing and Enforcement Notices, and Warnings

Regulatory notices help protect consumers and businesses operating in Dubai by providing access to essential information about VARA-registered VASPs. VARA’s regulatory notices include Licensing Notices, Enforcement Notices and Warning Notices. VASPs that do not comply with the terms of their licence may be issued a notice that requires them to rectify any non-compliance within a specified period of time.

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Enforcement Notices-16 Nov 2023

Update: VARA Investor and Marketplace Alert - Bored Gen DMCC

Further to the Virtual Assets Regulatory Authority (VARA) notice dated 4 October 2023 in relation to the enforcement action and ongoing investigation regarding the issuance, marketing and distribution of Islamic Coin (ISLM) by Bored Gen DMCC (BG) and its affiliate entities, investors and market participants are advised that the instances of activity that were the subject of VARA’s investigation referenced therein have been concluded.
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Warning Notices-13 Oct 2023

MARKETPLACE NOTIFICATION: INVESTOR ALERT - Legal Person/ Entity: Bitay Limited Co. Ltd and Bitay Teknoloji Sanayi Ticaret Anonim Şirketi [together ‘Bitay'] Offering/ Product: Bitay Coin

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Enforcement Notices-4 Oct 2023

VARA Investor and Marketplace Alert - Bored Gen DMCC

The Virtual Assets Regulatory Authority (VARA) is issuing this Alert to draw the immediate attention of all investors and market participants regarding the unauthorised Issuance, Marketing and Retail Distribution of Islamic Coin (ISLM) in and/or from the Emirate of Dubai by Bored Gen DMCC (BG).
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Warning Notices-26 Sep 2023

VARA Investor and Marketplace Alert - JP-ex Crypto Asset Platform Pty Ltd + JPEX Technical Support Co. Pty Ltd [collectively “JPEX”]

Virtual Assets Regulatory Authority (VARA) is issuing this Alert to call the attention of all investors and market participants, to recent media coverage of regulatory action that is being considered and/or has been initiated against the Virtual Asset Service Provider (VASP) JPEX and/or associated companies within the holding group [operational through <a href="https://jp-ex.io/" target="_blank">www.jp-ex.io</a>] and specific individuals associated with these entities.
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Enforcement Notices-16 Aug 2023

VARA Notice of Fines – OPNX Exchange

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Warning Notices-10 Jul 2023

MARKET NOTIFICATION : ALERT - BitOasis Technologies FZE [BitOasis]

VARA is issuing this market alert regarding ongoing supervisory controls, and enforcement actions initiated against BitOasis [Reference: MVP/VARA/BITOASIS].
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Licensing Notices-10 Jul 2023

MARKET NOTIFICATION : ALERT - BitOasis Technologies FZE [BitOasis]

VARA is issuing this market alert regarding ongoing supervisory controls, and enforcement actions initiated against BitOasis [Ref: MVP/VARA/BITOASIS].
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Enforcement Notices-27 Apr 2023

VARA Notice of Written Reprimand – OPNX Exchange [opnx.com]

Following the Investor and Marketplace Alert dated 12 April 2023 in relation to opnx.com [OPNX] conducting unregulated activity, Dubai’s Virtual Assets Regulatory Authority [VARA] has issued a formal Letter of Reprimand to OPNX and its founders for...
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Warning Notices-12 Apr 2023

VARA Investor and Marketplace Alert

VARA is issuing this investor and marketplace alert in relation to the Virtual Asset (VA) Exchange OPNX (operating on opnx.com), launched on 04 April 2023.
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Enforcement Notices-22 Nov 2022

FTX Exchange FZE – VARA Revocation of Approval and Suspension of MVP Licence

FTX Exchange FZE – VARA Revocation of Approval and Suspension of MVP Licence
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