- Dubai’s Virtual Assets Regulatory Authority (VARA) is rolling out AI-powered, real-time monitoring across exchanges and virtual asset service providers (VASPs).
- The new “VARA Connect” platform links directly via API, giving regulators instant access to transactions.
- Goal: detect risks live — including flows from high-risk jurisdictions, wallets tied to hacks/scams, and weak compliance systems.
- Dubai positions itself as both crypto-friendly and institutional-grade — aiming to set a global benchmark for digital asset oversight.
- If effective, the system could push regulators worldwide to adopt real-time surveillance frameworks, raising both trust in markets and privacy concerns.
Source: Agbi.com