According to Hong Kong media Ming Pao, Deepa Raja Carbon, managing director and vice chairperson of the Dubai Virtual Asset Regulatory Authority (VARA), said that after the turmoil in the virtual asset industry, people prefer to have clear regulations, which is why international exchanges come to Dubai to develop their business. Hong Kong and Dubai have very similar DNA, and the supervision of virtual assets in various regions does not need to be consistent, but the coordination between regulators is very important, because many scams involving virtual assets do not occur in a single region. Dubai and Hong Kong regulators also have close ties. They appreciate the way Hong Kong regulators handle issues. As long as transactions or business are suitable for development in the region, they are willing to consider opportunities such as interoperability.