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Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform

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Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform - Bitcoin News

Quick Summary:

The Virtual Assets Regulatory Authority (VARA) has issued an alert regarding MKAN Coin DMCC, which advertised virtual asset activities in the United Arab Emirates (UAE) without the necessary regulatory approval.

VARA has instructed the company to cease all unlicensed operations and imposed a fine.

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Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform - Bitcoin News (Picture 1)

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Article Details

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 12:30:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 26434365

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About Bitcoin News

Bitcoin News Logo

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 17 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

Frequently Asked Questions

Which news outlet covered this story?

The story "Investor Alert: Dubai Regulator VARA Flags Unlicensed MKAN Coin Platform" was covered 12 hours ago by Bitcoin News, a news publisher based in Japan.

How trustworthy is 'Bitcoin News' news outlet?

Bitcoin News is a fully independent (privately-owned) news outlet established in 2008 that covers mostly crypto news.

The outlet is headquartered in Japan and publishes an average of 17 news stories per day.

It's most recent story was published 8 hours ago.

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The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

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  • News ID: #26434365
  • URL: https://chronographically.beamstart.com/news/investor-alert-dubai-regulator-vara-17404866836454

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