The Central Bank of the UAE (CBUAE) has revoked the operating licence of Omda Exchange and struck the company from its official register, simultaneously imposing a financial sanction of AED 10 million. The action was taken on 23 December 2025.
The CBUAE stated that examinations of Omda Exchange had revealed failures and violations of the Decretal Federal Law regarding the Central Bank and the Organisation of Financial Institutions and Activities.
FINANCIAL SANCTION
A financial sanction of AED 10 million accompanies the licence revocation. The regulator has authority to impose such combined sanctions under the central bank law.
OTHER LICENCE REVOCATIONS IN 2025
The CBUAE revoked multiple exchange house licences over the course of 2025.