Head of Dubai Crypto Regulator to Quit to 'Pursue Other Interests'

Head of Dubai Crypto Regulator to Quit to ‘Pursue Other Interests’

The CEO of Dubai’s crypto regulator, Henson Orser, is set to be replaced by Matthew White, a partner at PwC, the Virtual Assets Regulatory Authority (VARA) said in an email.

Bloomberg reported the change earlier, citing a statement from the regulator.

Additionally, more than 12 crypto companies are set to be fined for not complying with guidelines by a Nov. 17 deadline, Bloomberg said, citing anonymous sources who asked not to be identified because the matter is private. The names of the firms were not mentioned, but don’t include Binance, OKX or ByBit and some others, which will be given more time to comply, according to the report.

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