[Dubai Regulator Issues Market Alert on KuCoin Exchange] According to Cryptopolitan, the Dubai Virtual Assets Regulatory Authority (VARA) has issued a market alert regarding the KuCoin exchange. VARA stated that KuCoin has been providing virtual asset services to Dubai residents without obtaining the necessary regulatory approval and has misrepresented its licensing status. The company has been instructed to cease all unlicensed virtual asset and crypto activities. VARA emphasized that KuCoin does not hold any license to provide virtual asset services in or from Dubai. Under Dubai law, all virtual asset service providers must obtain a license to operate legally within this jurisdiction. The regulator warned that unlicensed companies failing to comply with VARA regulations expose consumers to significant financial risks and legal consequences.