[Dubai Regulator Cracks Down on 19 Unlicensed Crypto Operators] According to a report by Jinse Finance, on Tuesday, the Dubai Virtual Assets Regulatory Authority (VARA) announced that it has imposed financial penalties and cease-and-desist orders on 19 companies operating outside its regulatory framework. VARA stated that these sanctions are part of its ongoing efforts to protect the emirate's rapidly growing digital asset ecosystem and mitigate the risks of unlicensed crypto activities. All penalized entities have been ordered to immediately cease operations and stop promoting any unlicensed services in or from Dubai. These entities were also fined amounts ranging from 100,000 to 600,000 dirhams ($27,000 to $163,000), depending on the severity and scope of the violations.