The regulator is actively courting firms. James Bernard, founding associate of consultancy JBLV and founding member of the Dubai World Blockchain Council instructed CoinDesk that VARA is “inviting a few of the prime firms all over the world to be a part of its MVP,” he stated, whether or not that be exchanges, decentralized finance (DeFi) or non-fungible token (NFT) tasks. “VARA will begin dialogue teams that may look to create the perfect follow in rules of oversight for every of these verticals,” Bernard stated.
