🚨 Dubai Virtual Asset Regulatory Authority (VARA) has issued fines to seven unlicensed cryptocurrency entities, ranging from AED 50,000 (about $13,600) to AED 100,000. Although VARA did not disclose the specific names, they are working with the local authorities to further investigate. What impact do you think this will have on the crypto market in Dubai? Feel free to share your thoughts in the comments!#blockchain#cryptocurrency #regulation