The Dubai Virtual Assets Regulatory Authority issued a written reprimand to the founder and CEO of OPNX

ChainCatcher news, according to Bloomberg, the Dubai Virtual Assets Regulatory Authority issued a written reprimand on April 18 to Su Zhu and Kyle Davies, as well as two other co-founders of OPNX and its CEO. This was due to their operation and promotion of the new digital asset trading platform OPNX without the necessary local licenses.

The regulatory authority stated: OPNX has been marketing on social media platforms but has not established the necessary restriction rules for Dubai/UAE residents. VARA indicated that it will continue to investigate OPNX's activities to assess any further corrective measures that may be needed. (Bloomberg)