3AC founders fined by Dubai regulator over OPNX exchange

On Aug. 16, Dubais Virtual Asset Regulatory Authority (VARA) released a notification of fines for the OPNX Exchange. The regulator stated that it has provided a fine of 10 million dirhams, around $2.7 million for violations of its market regulations, and kept in mind that the fine stays unsettled. Source: VARAApart from the exchange, VARA also announced that it likewise issued a fine of 200,000 dirhams (around $54,000) to executives of the OPNX, consisting of Davies, Zhu, Mark Lamb and its CEO Leslie Lamb.

Thank you for reading this post, don't forget to subscribe!

On Aug. 16, Dubais Virtual Asset Regulatory Authority (VARA) released a notice of fines for the OPNX Exchange. The regulator said that it has provided a fine of 10 million dirhams, around $2.7 million for infractions of its market regulations, and kept in mind that the fine stays unsettled. Source: VARAApart from the exchange, VARA also announced that it also provided a fine of 200,000 dirhams (around $54,000) to executives of the OPNX, consisting of Davies, Zhu, Mark Lamb and its CEO Leslie Lamb.