VARA

Peken Global Limited (Kucoin)

VARA fined Peken Global Limited (KuCoin) and issued a cease & desist order for providing unlicensed Virtual Asset Broker-Dealer and Exchange Services in Dubai, breaching VA and AML/CTF regulations.

Date

2026-06-24

Entity type

VASP

Action type

Multiple

Fine (as written)

—

Fine (normalised AED)

—

Personal fine

Regulations breached

Federal Decree Law No. (10) of 2025 (AML/CTF), Dubai Law No. (4) of 2022 (VARA), Cabinet Resolution No. 111/2022 (VARA) and VARA Regulations

Scraped at

2026-07-04T07:48:45.789135+00:00

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