Dubai Metaverse News

Dubai crypto regulator to establish HQ in The Sandbox metaverse

Dubai’s crypto regulator, Virtual Assets Regulatory Authority (VARA), will launch its Metaverse headquarters in The Sandbox. VARA was launched in March 2022 to regulate the crypto ecosystem in Dubai. The organization is responsible for issuing business licenses to crypto-based businesses. This is another attempt of the UAE to make Dubai a crypto hub for middle eastern countries.