Dubai Regulator Halts Sale and Distribution of Islamic Coin – What's Going On?

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against Bored Gen DMCC (BG), a company involved in the distribution and marketing of Islamic coin (ISLM). According to a VARA alert published on Wednesday, BG lacks the necessary authority to conduct the type of crypto-related business it has been involved in, and the firm has now been ordered to cease marketing activities until proper approvals are obtained.... Read More: Dubai Regulator Halts Sale and Distribution of Islamic Coin – What's Going On?