Matthew White has taken over as CEO of the Virtual Asset Regulatory Authority (VARA), succeeding Henson Orser in a strategic move that reflects the developing regulatory landscape in Dubai’s virtual asset market. This leadership transfer occurs at a critical time in Dubai’s efforts to strengthen the regulatory framework that governs virtual asset service providers (VASPs).<\/p>\n
Matthew White, an industry veteran with over 20 years of global advisory experience, including a significant role as a partner at PricewaterhouseCoopers (PwC), is set to spearhead VARA through its upcoming phase of “full-scale market operations” in 2023. His extensive expertise in technology and digital trust positions him well to navigate VARA through the intricate landscape of cryptocurrency regulation.<\/p>\n
While assuming the role of CEO, Henson Orser will maintain her association with VARA in a consulting capacity, leveraging her invaluable experience and contributing to the organization’s continued success. Orser, a seasoned financial professional, played a pivotal role in establishing a specialized regulatory regime for Dubai’s cryptocurrency market, particularly in the aftermath of challenges stemming from the FTX exchange failure.<\/p>\n
This leadership transition aligns seamlessly with the broader regulatory initiatives undertaken by the United Arab Emirates (UAE) to tighten regulations governing virtual assets. In a collaborative effort, multiple UAE agencies released comprehensive guidelines for VASPs on November 8, accompanied by penalties for entities operating without proper authorization. This regulatory overhaul aims to facilitate the removal of the UAE from the “grey list” of the Financial Action Task Force, where it was added in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
Matthew White has taken over as CEO of the Virtual Asset Regulatory Authority (VARA), succeeding Henson Orser in a strategic move that reflects the developing regulatory landscape in Dubai’s virtual asset market. This leadership transfer occurs at a critical time in Dubai’s efforts to strengthen the regulatory framework that governs virtual asset service providers (VASPs). […]<\/p>\n","protected":false},"author":14,"featured_media":8918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[],"class_list":["post-8897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=8897"}],"version-history":[{"count":7,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8897\/revisions"}],"predecessor-version":[{"id":8991,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/8897\/revisions\/8991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/8918"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=8897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=8897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=8897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}