Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX. On April 18, Su Zhu and Kyle Davies received a written reprimand from Dubai's Virtual Assets Regulatory Authority (VARA) for promoting OPNX without the necessary local license, Bloomberg reported, citing a statement from the regulator. ... Read More: Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX
