Dubai's Virtual Assets Regulator seeks to lower compliance costs for small crypto firms

Dubai's Virtual Assets Regulatory Authority is exploring options to reduce the expenses for small crypto firms to comply with its regulations. The regulatory regime for crypto was introduced in Dubai last year, and some companies were concerned about the high costs. The CEO of VARA, Matthew White, stated that he is looking for ways to make the regulations more accessible and affordable for everyone. One of the solutions being considered is to have larger market players host smaller ones to help them comply with the rules.