Firms cannot outsource accountability, even to AI, says Dubai regulator

Virtual asset firms licensed in Dubai cannot use vendors or artificial intelligence (AI) tools as a shield against accountability, a senior official at the Virtual Assets Regulatory Authority (Vara) has said, as the regulator’s licensed base has grown nearly fourfold in just over two years.Speaking at the FutureSec 20206 conference organised by Khaleej Times, Sean McHugh, Senior Director of Market Assurance at Vara, said the authority’s regulatory approach is built around ensuring firms are comm...

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