VARA, Dubai’s crypto regulator, had fined OPNX $2.7 million in May for market offences. However, the exchange has not yet paid the fine.
The individuals have paid the fines, unlike the exchange.
VARA also fined 200,000 dirhams to OPNX founders Kyle Davies, Su Zhu, Mark Lamb, and CEO Leslie Lamb. The regulator imposed these fines on the individuals for violating the marketing, advertising, and promotional laws of Dubai.The regulator said,
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