The Dubai Virtual Assets Regulatory Authority is seeking ways to address the compliance costs for small crypto entities

ChainCatcher news, according to CoinDesk, Matthew White, CEO of the Dubai Virtual Assets Regulatory Authority (VARA), stated at Paris Blockchain Week that the agency is currently considering many things to try to make the system and regulation suitable for everyone. One of these is to find a way to address the compliance costs for small (crypto) entities.

Currently, the agency observes that there are not many companies with sufficient resources to accept regulation, and the new regulatory scheme includes allowing larger market participants to host smaller market participants.