Dubai Regulator Wants to Lower the Cost of Compliance for Small Crypto Firms

The head of Dubai's virtual assets regulator said he wants to find ways to lower the cost for small crypto firms.

"There's a number of things that I'm looking at the moment in order to try and make the regime and the regulation fit for everybody," Matthew White, CEO of Dubai's Virtual Assets Regulatory Authority , said at."What one of those is, is figuring out a way to deal with the cost of compliance for smaller entities."

VARA is the sole digital assets regulator in the emirate, one of seven that make up the United Arab Emirates. Dubai unveiled its rules for crypto last year,"Not many people have the resources to be able to go and get regulated and that is something that we've seen, so we're looking at structures whereby we can have larger market participants hosting smaller ones, for example," White said.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dubai virtual asset regulator wants to lift burden on small crypto firmsVARA CEO Matthew White admitted that regulations are “not perfect” and said they continue to engage with the industry to try and understand it better.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Ask Amy: She now says she wants to be my stay-at-home girlfriendThe issue arises when the son and daughter-in-law insist on not allowing the granddaughter to nap while the grandmother is caring for her. The grandmother sees this as a form of child abuse and fears reduced contact with her granddaughter if she confronts them.
Source: mercnews - 🏆 88. / 68 Read more »

Ask Amy: She now says she wants to be my stay-at-home girlfriendWe’re in our 20s and we’ve run out of money.
Source: mercnews - 🏆 88. / 68 Read more »

Woman quits her job after winning $90K on lottery scratch-offThe woman said she couldn't believe it when she realized how much she won.
Source: WGAL - 🏆 331. / 59 Read more »

Jack Black 'Ready' to Make School of Rock 2Jack Black wants to make another School of Rock, but he wants Mike White involved...
Source: ComicBook - 🏆 65. / 68 Read more »

Erin Andrews Says She Wants Travis Kelce and Taylor Swift to 'Get Married So Bad'Danielle Campoamor is an award-winning freelance writer covering mental health, reproductive justice, abortion access, maternal mental health, politics, and feminist issues. She has been published in The New York Times, Washington Post, CNN, NBC, Vogue, Harper's Bazaar, Marie Claire, InStyle, Playboy, Teen Vogue, Glamour, The Daily Beast, and more.
Source: marieclaire - 🏆 102. / 63 Read more »