Matthew White, CEO of VARA, explained that being regulated is costly, and they are looking for ways to reduce the financial burdens for smaller entities.
Dubai’s Virtual Asset Regulatory Authority (VARA) CEO, Matthew White, said that the digital asset watchdog wants to make life easier for smaller crypto entities.
At a regulatory panel discussion at the Paris Blockchain Week, White admitted that crypto regulations are not perfect, adding that he is looking for ways to improve them.
One of the plans under consideration is lessening the financial burdens for smaller crypto businesses. White said:
