Dubai’s chief crypto regulator exits as VARA prepares to fine major companies
Dubai’s VARA CEO Henson Orser resigns amid impending fines on non-compliant crypto firms. The leader of the United Arab Emirate’s primary crypto currency oversight body, Henson Orser, is set to resign. This departure comes as the authority gears up to enforce strict penalties on several digital asset companies that haven’t complied with local regulations. Since his appointment in January as the CEO of the Virtual Assets Regulatory Authority (VARA), Orser has been at the forefront of the regulatory operations. His tenure, however, will conclude shortly, paving the way for Matthew White to assume the role. White, currently a partner at PwC and a consultant to VARA, will transition into the leadership position over the next few months, as per VARA’s announcement. You might also like: Tether to become a Bitcoin miner with a $500m investment in 2024 Under Orser’s leadership, VARA witnessed the integration of new regulatory frameworks tailored for crypto ...