KuCoin Entities Ordered to Halt Unlicensed Operations in Dubai

The Dubai regulatory body, which oversees financial activities in the emirate, has ordered entities associated with cryptocurrency exchange KuCoin to cease all unlicensed operations.

This move is part of an ongoing effort by the regulator to tighten control over cryptocurrency exchanges and ensure they comply with local laws.

The regulator did not provide a specific timeline for when KuCoin will be allowed to resume its activities in Dubai. However, it has emphasized the importance of complying with regulatory requirements to avoid penalties.