Virtual Assets Regulatory Authority

VARA Investor and Marketplace Alert - Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and Kucoin Exchange EU GmbH (commercially advertising as KuCoin)

VARA warned the public that entities operating under the 'KuCoin' brand are not licensed by VARA and directed them to cease soliciting Dubai-based clients; this alert preceded a formal fine against related KuCoin entities (Peken Global Limited) in June 2026.

What firms should do

Informational

Regulator: Virtual Assets Regulatory Authority
Type: Enforcement Notice
Status: Enacted
Published: 5 Mar 2026
Topic: Enforcement
Impact: Medium

Read it on the regulator's website

Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.

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VARA Investor and Marketplace Alert - Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and Kucoin Exchange EU GmbH (commercially advertising as KuCoin)

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