KuCoin Blocked In UAE As Authorities Mandate Immediate Service Stop

Seychelles-based cryptocurrency exchange KuCoin has been ordered to halt its operations in Dubai after regulators determined the platform was operating without the required authorization. The action was announced Thursday by Dubai’s Virtual Assets Regulatory Authority (VARA). The regulator emphasized that any entity providing virtual asset services in or from Dubai must be licensed, and KuCoin's failure to comply led to the immediate service stop mandate.