Top Dubai Crypto Official to Step Down After Less Than Year
- Henson Orser was appointed as CEO of Dubai’s VARA in January
- Regulator is poised to levy fines on over a dozen crypto firms
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The head of Dubai’s crypto regulator is poised to depart after less than a year on the job, just as authorities prepare to impose sweeping fines on non-compliant digital-asset firms operating in the emirate.
Henson Orser, who’s run the Virtual Assets Regulatory Authority since January, will be replaced by Matthew White, a partner at PwC who has worked with VARA as a consultant, the regulator said in a statement to Bloomberg News on Thursday. A leadership transition will take place “over the coming months,” VARA said.