The trading platform OPNX promoted by Kyle Davies and Su Zhu.
Three Arrows Capital are at odds with regulators in Dubai.
According to a recent statement posted to its website, the regulator has taken the unusual step of issuing a formal reprimand to OPNX, an entity launched out of the crypto trading platform Coinflex, which has links to both Davies and Zhu.
“VARA became aware of OPNX soliciting, and collecting personal data from the public to participate in its new (to launch) exchange,” the regulator said in a statement. “Through social media platforms, OPNX had engaged in marketing the exchange without establishing warranted restrictions for residents of Dubai/UAE.”
VARA stands for “Virtual Assets Regulatory Authority”, which is Dubai’s regulatory authority for digital assets such as cryptocurrencies. It established in 2021 by the Dubai Multi-Commodities Centre (DMCC), a government entity that operates as a free trade zone in Dubai. VARA is under the control of the DMCC
We współpracy z: https://thenewscrypto.com/dubai-regulator-reprimands-spinoff-trading-platform-opnx/
