The regulator is actively courting companies. James Bernard, founding partner of consultancy JBLV and founding member of the Dubai Global Blockchain Council told CoinDesk that VARA is “inviting some of the top companies around the world to be part of its MVP,” he said, whether that be exchanges, decentralized finance (DeFi) or non-fungible token (NFT) projects. “VARA will start discussion groups that will look to create the best practice in regulations of oversight for each of those verticals,” Bernard said.
Related posts
-
Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports
Slowmist, teaming up with Imtoken, has exposed a new... -
Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure
Digital assets continue to struggle as the crypto market cap dips 1.28%. It currently hovers at... -
DTCC withdraws collateral, loan support for crypto ETFs
Financial services firm Depository Trust and Clearing Corporation (DTCC) has announced it will not allocate any...