Dubai’s Virtual Assets Regulatory Authority fined MX Global Ltd, the company behind MEXC, for providing broker-dealer and exchange services to customers in Dubai without a licence from 2022 to April 2026, and for onboarding users without the required KYC checks.
What changed
- Cease and desist. VARA directed MEXC to stop all unlicensed virtual asset activity in or from Dubai.
What changes in our data
The UAE is limited for MEXC at high confidence, citing the VARA notice.
MEXC
United Arab Emirates