Dubai’s VARA is tackling the FATF grey list head on – Business & Finance

DUBAI/KARACHI: Rather than shy away from the somewhat “grey” world of crypto and virtual assets because of the UAE being on the Financial Action Task Force (FATF) grey list – which means it needs to address issues like money laundering and terrorism financing – Dubai is tackling the sector head on.

The Gulf city’s government created the Virtual Assets Regulatory Authority (VARA) last…