Dubai Virtual Assets Regulatory Authority: Willing to consider interoperability with Hong Kong if business is suitable
according to Hong Kong media Ming Pao, Deepa Raja Carbon, Managing Director and Deputy Chairman of the Dubai Virtual Asset Regulatory Authority (VARA), said that after experiencing turbulence, people in the virtual asset industry hope for clear regulations, which is why international exchanges are developing business in Dubai. Hong Kong and Dubai have very similar DNA, and regulatory coordination between regions is not necessary for virtual assets, but it is very important because many virtual asset fraud cases do not occur in a single region. Dubai and Hong Kong's regulatory departments are closely connected, and they appreciate the way Hong Kong regulates and handles issues. As long as the transactions or business are suitable for development in the region, they are willing to consider opportunities for mutual exchange.
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