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Virtual Assets Regulatory Authority has issued a formal warning against KuCoin, saying the platform has been offering crypto services to residents of Dubai without the required regulatory approval. The regulator stated that KuCoin does not hold a license to provide virtual asset services in or from the emirate and ordered the company to immediately stop any unlicensed activities. Authorities also advised investors to avoid using unregulated platforms as Dubai strengthens enforcement of its crypto licensing framework.
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