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Dubai Regulator Orders KuCoin and MEXC to Stop Crypto Activity
Dubai’s Virtual Assets Regulatory Authority issued cease and desist orders against two crypto exchanges after finding they were operating without approval. The regulator said the exchanges did not hold licenses required to offer virtual asset services in Dubai. The warnings targeted entities linked to KuCoin and MEXC. VARA stated that both exchanges must stop any activity related to virtual asset services in or from Dubai. The notices form part of the regulator’s broader effort to enforce licensing rules for crypto companies operating in the emirate. VARA Says KuCoin Entities Must Halt Unlicensed Services VARA identified several entities associated with KuCoin in its alert. These include Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and KuCoin Exchange EU GmbH. According to the regulator, those entities may have provided services to Dubai residents without obtaining a license. VARA also said the firms may have presented information that suggested they were authorized to operate locally. As a result, the regulator ordered them to cease and desist from any virtual asset activities connected to Dubai. VARA stated that companies must secure regulatory approval before offering or promoting crypto services in the emirate. MEXC Entities Also Ordered to Cease Activity in Dubai VARA issued a separate alert for MEXC. The notice named MEXC Estonia OÜ and MEXC Global Ltd as the entities tied to the exchange. The regulator said those firms do not hold a license to provide virtual asset services in or from Dubai. Therefore, any services directed at Dubai residents would violate local regulatory rules. VARA also stated that any promotion, advertising, or solicitation connected to MEXC has not been approved. Consequently, the firms cannot market or provide crypto-related products or services within Dubai’s jurisdiction. Dubai Law Requires Licensing for Virtual Asset Services VARA cited Dubai Law No. 4 of 2022 and UAE Cabinet Resolution No. 111 of 2022 in the notices. Under these laws, virtual asset service providers must obtain authorization before operating in Dubai. The regulator explained that the licensing requirement applies to companies offering crypto services or targeting customers in the emirate. Firms must also receive approval before advertising virtual asset products or platforms. VARA added that enforcement actions such as cease and desist notices are part of its regulatory oversight. The regulator oversees crypto activities across Dubai’s mainland and free zones, excluding the Dubai International Financial Centre.
coinpaper·10d ago
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Dubai crypto regulator says KuCoin exchange is operating without proper license and must stop
The VARA alert comes just a couple of weeks after Austria's financial regulator prohibited the European arm of KuCoin from conducting new business.
coindesk·11d ago
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Kucoin receives order to cease unlicensed activities in the UAE
Dubai’s Virtual Asset Regulatory Authority (VARA) has issued a market alert against Kucoin Exchange, and Phoenixfin PTe Ltd MEK Global Limited, as well as Peken Global Limited, commercially advertising as Kucoin, given that Kucoin has been offering Dubai residents virtual asset services without being regulated in the country. VARA noted that Kucoin has been providing these services without the necessary regulatory approvals and misrepresenting its licensing status. As a result, the company has been instructed to cease and desist from all unlicensed virtual asset and crypto activities. Dubai piles on EU prohibition for Kucoin VARA has also noted that Kucoin does not hold any license to provide virtual asset services in/from Dubai. According to VARA, unlicensed companies pose a risk to consumers because they are not compliant with VARA regulations and rule books, and this exposes consumers to significant financial risk, as well as legal consequences. In accordance with Dubai Law No. (4) of 2022 and Cabinet Resolution No. 111/2022, all virtual asset service providers must be licensed to operate legally in this jurisdiction. Although Kucoin in early 2026 received an EU Markets in Crypto Assets Regulation (MiCAR) license in Austria to operate as a crypto exchange, or what is known as a crypto asset service provider across the EU, in February 2026, the Austrian Financial Market Authority (FMA) prohibited KuCoin EU from onboarding new business due to breaches in anti-money laundering (AML) obligations. Due to a lack of proper compliance staff, the Austrian regulator suspended new business activities for KuCoin EU in February 2026. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
cryptopolitan·12d ago
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KuCoin Launches ‘HODLer Airdrops’ Program, Debuts With 1.55M BMB Token Airdrop
KuCoin has launched the HODLer Airdrops program, allowing users to earn rewards by simply holding KCS or other eligible tokens. The first project in this new campaign is Beamable Network (BMB), with 1.55 million BMB tokens up for grabs for eligible users. Users can boost their rewards through additional bonuses, including loyalty bonuses for KCS holders. KuCoin exchange has introduced its HODLer Airdrops program, a new initiative that allows users to earn rewards simply by holding KCS or other eligible tokens on the platform. The first project to feature in this campaign is the Beamable Network (BMB), a decentralized infrastructure project. A total of 1,550,000 BMB tokens are available for airdrop to eligible users. Unlike traditional airdrops that require trades or tasks, this program rewards users based on their average token holdings during a set snapshot perio… Read The Full Article KuCoin Launches ‘HODLer Airdrops’ Program, Debuts With 1.55M BMB Token Airdrop On Coin Edition .
coinquora·4mo ago
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KuCoin to List Autonomys (AI3) with 666,667 AI3 in Staking Rewards via GemPool
KuCoin has listed Autonomys (AI3) with trading for the AI3/USDT pair starting at 14:00 UTC. Users can stake KCS, USD1, or AI3 in KuCoin’s GemPool from August 26 to September 3 to earn a share of 666,667 AI3 tokens. Bonus rewards are available through quizzes, referrals, VIP levels, and KCS loyalty tiers during the staking campaign. KuCoin exchange has confirmed the listing of Autonomys (AI3), a decentralized AI infrastructure project, on its spot trading platform. Alongside the listing, the exchange is launching a GemPool farming campaign for AI3. This campaign allows users to earn new tokens by staking KCS, USD1, or AI3. When and How Can Traders Access AI3 on KuCoin? The AI3/USDT trading pair goes live at 14:00 UTC on Wednesday, August 27, 2025. A one-hour call auction will precede the market open, starting at 13:00 UTC. Withdrawals for AI3 will be enabled the following day at 10:00 UTC. KuCoin’s trading bots will support AI3 upon listing, with options for automated strategies such as Spot Grid, Infinity Grid, DCA, Smart Rebalance, and AI-powered tools like Grid AI Plus and AI Spot Trend. KuCoin GemPool Staking Campaign Launches Ahead of Listing… The post KuCoin to List Autonomys (AI3) with 666,667 AI3 in Staking Rewards via GemPool appeared first on Coin Edition .
coinquora·7mo ago
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KuCoin (KCS) Soars 15%, Becomes Top Gainer: What’s Behind the Sudden Pump?
KuCoin’s native token KCS surged 15%, hitting a multi-month high and ranking among the top market gainers. At press time, KCS remains up 9% on the day and has gained over 51% year-to-date. Notably, the price surge coincided with an announcement from the KuCoin CEO earlier today. The KuCoin exchange’s native cryptocurrency, KCS, is standing out as one of the best-performing crypto assets today, posting an impressive 15% price surge. The coin touched a multi-month high of $12.38 earlier today. Considering KCS traded at a low of $10.17 just this past Friday, it is now up by 21.7%. Interestingly, KuCoin is seeing this notable price surge even as leading altcoins like XRP, Solana, and Dogecoin undergo a correction. For instance, XRP is down by 5% in the last 24 hours, while Dogecoin and Solana are both down by about 2%. Meanwhile, KCS remains up by 9% at press time, trading at $11.99. Over the past year, the coin has risen by 51% at its current price. KuCoin Token Among Top Gainers BC Wong, CEO of the KuCoin exchange, highlighted the platform’s token performance in a tweet today, noting it had surged 15.43% over the last 24 hours. Wong added that… The post KuCoin (KCS) Soars 15%, Becomes Top Gainer: What’s Behind the Sudden Pump? appeared first on Coin Edition .
coinquora·7mo ago
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CryptoRank Adds Tokenized Stocks, S&P 500, and Gold to Platform
CryptoRank now tracks tokenized Apple, Tesla, and Meta stocks via xStocksFi. Traditional indices such as the S&P 500 and Gold have also been added. Users can monitor both crypto and TradFi assets in one interface. Crypto research and analytics platform CryptoRank.io has expanded its platform to include tokenized versions of major U.S. stocks and traditional benchmarks. The update enables on-chain access to assets such as Apple, Tesla, Meta, the S&P 500, and Gold. The integration was made possible through a partnership with tokenization provider xStocksFi. Notably, xStocksFi went live on the KuCoin exchange just yesterday. Tokenized stocks are blockchain-based representations of real-world equities. CryptoRank now tracks tokenized stocks and benchmarks With this update, users can now view and analyze tokenized shares of Apple (AAPLX), Tesla (TSLA), and Meta (META) directly on CryptoRank. These assets are fully tradable on-chain, providing exposure to traditional companies without using a conventional brokerage. Related: RWA Sector Hits Record $25B Value, Led by Private Credit and U.S. Treasuries Data from CryptoRank shows that Meta’s tokeni… The post CryptoRank Adds Tokenized Stocks, S&P 500, and Gold to Platform appeared first on Coin Edition .
coinquora·8mo ago
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RCADE (RCADE) Launches on KuCoin with Spot, Margin, Convert & Earn
RCADE (RCADE) launches on KuCoin with full support for Spot, Margin, Convert, and Savings services. RCADE powers an on-chain ecosystem for gaming and entertainment with 700K+ installs and $50M+ in funding and revenue. Users who deposit RCADE before July 13 can claim a 10 USDT trading fee discount coupon. The KuCoin exchange officially announced the listing of RCADE (RCADE), a blockchain project aimed at the media, gaming, and entertainment sectors. Backed by strategic partnerships and strong early traction, RCADE will begin trading on the KuCoin Spot market on July 9, 2025. Trading Schedule for RCADE on KuCoin RCADE deposits are already live on KuCoin via the ARB-ERC20 network. The token will enter a one-hour call auction period on July 9 from 12:00 to 13:00 UTC. The official opening of spot trading will follow immediately after at 13:00 UTC under the trading pair RCADE/USDT. Withdrawals for the token will be enabled the next day, July 10, at 10:00 UTC. Beyond Spot: Margin, Savings, and Other Services at Launch KuCoin is also making RCADE available for a comprehensive set of services right from launch. These include Margin Trading, KuCoin Convert… The post RCADE (RCADE) Launches on KuCoin with Spot, Margin, Convert & Earn appeared first on Coin Edition .
coinquora·8mo ago
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Exclusive Airdrop for KuCoin Users with WAGMI’s INFOFI Listing: Predictive AI and Viral Crypto Media
WAGMI HUB will list its INFOFI token on the KuCoin spot market Monday, June 23 Exclusive airdrop gives priority to KuCoin exchange users Users can check airdrop eligibility through a Telegram bot with no gas fees or bridging. KuCoin, a leading global cryptocurrency exchange, will list WAGMI HUB’s native token, INFOFI, starting Monday, June 23, 2025. Per WAGMI HUB’s official announcement , the launch includes a significant airdrop, prioritizing KuCoin participants. The token, which powers a gamified ecosystem combining AI-driven trading tools, on-chain quests, and viral meme content, will be available under the INFOFI/USDT trading pair. This listing expands the asset’s reach to KuCoin’s global user base. Related: KuCoin Lists Privacy-Focused Namada (NAM) with 2 Million Token Reward Pool Exclusive Airdrop for KuCoin Users: Gas-Free and Seamless In a move to maximize user onboarding, WAGMI HUB has structured its airdrop to be as frictionless as possible for KuCoin users. The claiming process requires no gas fees or complex cross-chain bridging. Eligible users will be able to claim their tokens directly within the KuCoin platform with a single ta… The post Exclusive Airdrop for KuCoin Users with WAGMI’s INFOFI Listing: Predictive AI and Viral Crypto Media appeared first on Coin Edition .
coinquora·9mo ago
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KuCoin's institutional clients get access to new support features
On Thursday, KuCoin announced its integration with BitGo Singapore Pte. Ltd., a subsidiary of BitGo, Inc., as part of its $2 billion “Trust Project.” The new system will enable institutional clients to trade digital assets on KuCoin without having to pre-fund their wallets. According to a June 19 press release revealing the partnership, the move was made possible through BitGo’s Go Network for Off-Exchange Settlement (OES), which allows clients to delegate trading access while retaining custody of their assets. The partnership is reportedly designed to improve security, regulatory compliance, and operational flexibility for institutional investors. Through Go Network, clients trading on KuCoin gain access to several benefits, including qualified custody backed by insurance coverage of up to $250 million, automated post-trade settlement, and full control over their assets. Go Network integration to cover all of KuCoin exchange services KuCoin said the integration will support all its trading services, spot, margin, options, and perpetual futures, without compromising on asset protection. “ Institutional clients trading on KuCoin now benefit from a comprehensive suite of features to upgrade security, compliance, and flexibility in the digital asset space, ” the company said in its statement. Tika Lum, Head of Institutional Business Development at KuCoin, said the partnership adds to the exchange’s long-term institutional ambitions. “ Security and trust are the foundation for institutional adoption. We are proud to integrate with BitGo Singapore’s Go Network. This partnership represents a critical component of our $2 Billion Trust Project and delivers a more resilient trading paradigm to institutional clients globally ,” she stated. Brett Reeves, who heads the Go Network at BitGo, called the collaboration a major step towards “building a more efficient trading ecosystem.” “This is how digital asset trading should be, secure, compliant, and built on trust,” Reeves stated. The model introduced by KuCoin and BitGo is almost similar to the now-defunct Silvergate Exchange Network (SEN), which allowed institutions to move funds seamlessly between exchanges before its closure in March 2023. SEN’s shutdown came just prior to Silvergate Bank’s liquidation during the height of the crypto winter, against the backdrop of several industry failures, including the bankruptcy of beleaguered crypto exchange FTX . KuCoin debuts regulated exchange in Thailand Just less than a week ago, KuCoin launched a regulated local cryptocurrency exchange in Thailand. The expansion follows its acquisition of ERX Company, a licensed digital token trading platform previously operating under the oversight of Thailand’s Securities and Exchange Commission (SEC). The platform was rebranded to the name KuCoin Thailand on April 22, 2025. Existing users of ERX were migrated to the updated infrastructure, with the business formally registered with Thailand’s Ministry of Commerce as of April 30, 2025. KuCoin Thailand is the company’s first fully licensed local digital asset exchange. In its announcement last Friday, the company reiterated its focus on compliance and customer protection, citing recent certifications including SOC 2 Type II and ISO 27001. Thailand’s crypto market is governed by strict regulatory oversight, and KuCoin’s acquisition of ERX, the country’s first SEC-supervised digital token exchange, gives it a foothold in one of the region’s most active crypto economies. Thailand currently hosts eight other licensed crypto exchanges, including Gulf Binance, Bitkub Online, Upbit Exchange, WAAN Exchange, Thai Digital Assets Exchange, InnovestX Securities, GMO-Z.com Cryptonomics, and Orbix Trade. The Southeast Asian country’s crypto market is expected to reach a revenue of approximately $488.9 million in 2025. Additionally, the number of users in the crypto sector is projected to amount to 7.84 million users. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
cryptopolitan·9mo ago
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