Dubai’s VARA: Striking the Right Balance in Crypto Regulation

CoinMarketCap10-16

Sean McHugh debunked claims that VARA is too friendly with crypto regulation. McHugh believes the agency has struck the right balance with the approval time frame. VARA is at the forefront of Dubai’s ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2475999994?lang=en_US&edition=fundamental","thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/4042a6999ba9479db7c2b42fd1c09264.jpeg","is_english":true,"pubTime":"2024-10-16 20:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2475999994","market":"us","top_or_hot":-1,"title":"Dubai’s VARA: Striking the Right Balance in Crypto Regulation","media":"CoinMarketCap","content":"<div>\n<p>Sean McHugh debunked claims that VARA is too friendly with crypto regulation.\nMcHugh believes the agency has struck the right balance with the approval time frame.\nVARA is at the forefront of Dubai’s ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/670fb77f05c5012cef4efb3c/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dubai’s VARA: Striking the Right Balance in Crypto Regulation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDubai’s VARA: Striking the Right Balance in Crypto Regulation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-16 20:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/670fb77f05c5012cef4efb3c/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sean McHugh debunked claims that VARA is too friendly with crypto regulation.\nMcHugh believes the agency has struck the right balance with the approval time frame.\nVARA is at the forefront of Dubai’s ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/670fb77f05c5012cef4efb3c/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"医疗保健设备","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/670fb77f05c5012cef4efb3c/","article_id":"2475999994","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/4042a6999ba9479db7c2b42fd1c09264.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475999994","pubTimestamp":1729083263,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Sean McHugh debunked claims that VARA is too friendly with crypto regulation.McHugh believes the agency has struck the right balance with the approval time frame.VARA is at the forefront of Dubai’s crypto hub branding.Sean McHugh, a senior official with Dubai’s Virtual Assets Regulatory Authority , pushed back against the opinion that his agency is taking a “friendlier-than-usual” approach to crypto regulation. He stated that VARA has found the correct balance in terms of time taken to award licenses to crypto-related applicants.Dubai’s goal of becoming a crypto hub is well-known, alongside other Asian crypto centers like Singapore and Hong Kong. To achieve this goal, the region’s regulatory agency, VARA, has a key role to play, considering how regulation affects crypto development in various jurisdictions.VARA and other regulators in the UAE, including the Abu Dhabi Global Market , are leading the charge in branding the region and creating a welcoming environment for crypto participan","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4082":"医疗保健设备","ADGM":"Adagio Medical Holdings, Inc."},"translate_title":"迪拜的VARA：在加密货币监管中取得适当的平衡","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADGM":1},"content_text":"Sean McHugh debunked claims that VARA is too friendly with crypto regulation.\nMcHugh believes the agency has struck the right balance with the approval time frame.\nVARA is at the forefront of Dubai’s crypto hub branding.\n\nSean McHugh, a senior official with Dubai’s Virtual Assets Regulatory Authority (VARA), pushed back against the opinion that his agency is taking a “friendlier-than-usual” approach to crypto regulation. He stated that VARA has found the correct balance in terms of time taken to award licenses to crypto-related applicants.\nDubai’s goal of becoming a crypto hub is well-known, alongside other Asian crypto centers like Singapore and Hong Kong. To achieve this goal, the region’s regulatory agency, VARA, has a key role to play, considering how regulation affects crypto development in various jurisdictions.\nVARA and other regulators in the UAE, including the Abu Dhabi Global Market (ADGM), are leading the charge in branding the region and creating a welcoming environment for crypto participants. McHugh likened the VARA situation to the story of Goldilocks and the Three Bears.\nRead also: Dubai Becomes a Haven for Crypto Enthusiasts Fl…\nThe post Dubai’s VARA: Striking the Right Balance in Crypto Regulation appeared first on Coin Edition.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475999994"}