Dubai crypto regulator says KuCoin exchange is operating without proper license and must stop

2 weeks ago

The VARA alert comes conscionable a mates of weeks aft Austria's fiscal regulator prohibited the European limb of KuCoin from conducting caller business.

Mar 6, 2026, 9:32 a.m.

Dubai’s integer assets regulator said cryptocurrency speech KuCoin has been operating without the indispensable regulatory approvals and licensing, and indispensable cease and desist from serving clients successful the region.

“Kucoin does not clasp immoderate licence to supply virtual plus services in/from Dubai. Any activities related to Virtual Assets advertised oregon conducted by this institution are truthful successful breach of the VARA Regulations,” the Virtual Assets Regulatory Authority (VARA) said successful a statement.

“Any promotion, advertising, oregon solicitation related to Kucoin has not been approved by VARA, and the institution is truthful not allowed to offer, promote, oregon marketplace immoderate Virtual Asset products oregon services successful Dubai oregon to its residents,” the regulator added, advising consumers and investors successful Dubai to debar engaging with Kucoin.

The alert comes conscionable weeks aft Austria's fiscal regulator prohibited the European limb of KuCoin from conducting caller concern and onboarding customers owed to a deficiency of due compliance staff.

A fewer months earlier, Austria’s concern regulator, FMA, granted KuCoin a Markets successful Crypto Assets (MiCA) licence to run crossed the European Union.

KuCoin, a Seychelles-based cryptocurrency speech founded successful China successful 2017, is present 1 of the largest offshore crypto platforms, ranked successful the apical 10 by trading volume.

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