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From within: Dubai’s virtual asset regulator plans to open HQ in metaverse

05/04/2022

Less than a minute

2022.05.04 21:06

From within: Dubai's virtual asset regulator plans to open HQ in metaverse
From within: Dubai’s virtual asset regulator plans to open HQ in metaverse

The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters.

In a Tuesday announcement from Emirates news agency WAM, VARA said the metaverse entry was aimed at facilitating “collaborative engagement” between virtual asset service providers, international regulatory authorities, and industry leaders. In addition, the Dubai regulator said establishing its “MetaHQ” office could help reach “younger licensees” entering the virtual world.

05/04/2022

Less than a minute

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