Dubai’s crypto regulator VARA switches leadership as it ramps up operations

Dubai’s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its “ramp up to full-scale market operations” in 2023. 

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.

Orser is a former banker who worked at Nomura Holdings. The executive led VARA in adopting a regulatory regime for the crypto space that took effect earlier in 2023, right after the FTX collapse.

VARA said the official established a…

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