Dubai Plans Move to Reveal Identity of Crypto Whales: Report

Dubai’s Virtual Assets Regulatory Authority (VARA) is introducing new regulations mandating crypto firms to disclose the identities of major token holders, ensuring greater transparency, reducing manipulation risks, and providing investors with clearer insights into token ownership and potential market volatility.
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Chinese Fraudster Sentenced to 11 Years for AA Chain Token Scheme

A Guangdong court sentenced Xie to 11 years in prison for defrauding an investor through a crypto scheme involving AA Token. He falsely promised high returns and locked the victim’s funds. Authorities continue to crack down on crypto-related fraud, emphasizing the risks of unregulated digital assets and deceptive investment schemes.
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