Dubai And Hong Kong Strengthen Regulatory Ties For Virtual Assets

According to Foresight News, Deepa Raja Carbon, Vice Chairman and Managing Director of the Dubai Virtual Assets Regulatory Authority, stated that Dubai maintains close connections with various regulatory bodies in Hong Kong. Carbon expressed admiration for Hong Kong's approach to regulatory issues and indicated a willingness to consider opportunities for mutual cooperation if transactions or businesses are suitable for development in the region. The next step involves establishing international connections with other governments more rapidly to ensure that licensed institutions can meet the demands of other markets, while also ensuring that local markets do not face unregulated risks.