Dubai’s VARA Shuts Down BG’s Unlicensed Islamic Coin

December 13, 2023

Dubai, UAE , November 27, 2023: The Dubai Virtual Assets Regulatory Authority (VARA) issued an alert warning investors and market participants last month over the unauthorized issuance, marketing, and retail distribution of a cryptocurrency called “Islamic Coin” (ISLM) by Bored Gen DMCC (BG). According to the VARA alert, BG is not a licensed or registered […]