{"id":196008,"date":"2023-11-16T15:40:16","date_gmt":"2023-11-16T15:40:16","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196008"},"modified":"2023-11-16T15:40:16","modified_gmt":"2023-11-16T15:40:16","slug":"dubais-crypto-regulator-vara-switches-leadership-as-it-ramps-up-operations","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/dubais-crypto-regulator-vara-switches-leadership-as-it-ramps-up-operations\/","title":{"rendered":"Dubai\u2019s crypto regulator VARA switches leadership as it ramps up operations"},"content":{"rendered":"

Dubai\u2019s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its \u201cramp up to full-scale market operations\u201d in 2023.\u00a0<\/p>\n

In a statement sent to Cointelegraph, VARA said that its incumbent CEO, Henson Orser, will be replaced by Matthew White, a global adviser who worked several roles at PwC. VARA also explained that Orser will still help the regulator as a consultant. <\/p>\n

Orser is a former banker who worked at Nomura Holdings. He led VARA in adopting a regulatory regime for the crypto space that took effect earlier in 2023, right after the FTX collapse. <\/p>\n

VARA said the Orser established a \u201cspecialist regulatory regime\u201d within his term. After handing over the position, he will still collaborate with the regulator. \u201cHis commitment to VARA is steadfast as he will remain available in a consultative capacity hereon, highlighting the strong collaboration between both parties,\u201d VARA wrote.<\/p>\n

Related: <\/em><\/strong>Dubai releases crypto regulations for virtual asset service providers<\/em><\/strong><\/p>\n

The switch comes as the United Arab Emirates is tightening its rules and imposing fines on unlicensed virtual asset service providers (VASPs), with several regulators in the UAE releasing a joint guidance for VASPS on Nov. 8.<\/p>\n

The new guidelines included various penalties for VASPs operating in the jurisdiction without the proper licenses. The move is an effort from the UAE to be removed from the Financial Action Task Force\u2019s \u201cgrey list,\u201d to which it was added back in 2022. <\/p>\n

Magazine: <\/em><\/strong>Exclusive: 2 years after John McAfee\u2019s death, widow Janice is broke and needs answers<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai\u2019s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it…<\/p>\n","protected":false},"author":4,"featured_media":196007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nDubai\u2019s crypto regulator VARA switches leadership as it ramps up operations - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/dubais-crypto-regulator-vara-switches-leadership-as-it-ramps-up-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai\u2019s crypto regulator VARA switches leadership as it ramps up operations - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Dubai\u2019s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/dubais-crypto-regulator-vara-switches-leadership-as-it-ramps-up-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T15:40:16+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/Dubais-crypto-regulator-VARA-switches-leadership-as-it-ramps-up-operations.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/dubais-crypto-regulator-vara-switches-leadership-as-it-ramps-up-operations\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/dubais-crypto-regulator-vara-switches-leadership-as-it-ramps-up-operations\/\",\"name\":\"Dubai\u2019s crypto regulator VARA switches leadership as it ramps up operations - 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