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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. We just this week licensed our 57th firm,” he said, describing an ecosystem that now includes major institutional traders, hedge funds and algorithmic trading.

Khaleej Times · Technology3 September 2026 at 1:21 PM GST1 evidence link

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