PANews reported on October 28 that according to Ming Pao, Deepa Raja Carbon, vice chairman and managing director of the Dubai Virtual Asset Regulatory Authority (VARA), said that Dubai has close ties with various regulatory departments in Hong Kong and appreciates the way Hong Kong regulators deal with issues. As long as the transaction or business is suitable for development in the region, it is willing to consider opportunities such as interoperability.

Carbon said that VARA plans to accelerate the establishment of international connections with other governments to ensure that licensed institutions meet the needs of multiple markets. In addition, VARA is actively promoting virtual asset education, including cooperation with universities, hoping to increase Dubai citizens' awareness of virtual assets.