VARA Growth Reaches 57 Licensed Firms Since 2022 Inception
Sean McHugh of the Virtual Assets Regulatory Authority shared that the Dubai-based regulator has expanded its licensed firms from 14 to 57 since he joined, aiming to make the city a major capital for virtual assets.
“I've been here about two and a half years. We had 14 licensed firms when I got here. We just licensed our 57th.”
Sean McHugh
Heard on Masters in Business — “Economy of Scale: New Finance (Sponsored Content)”, published Monday, November 2, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.