From within: Dubai's virtual asset regulator plans to open HQ in metaverse
Cointelegraph
Published May 04, 2022 12:30PM ET
Updated May 04, 2022 02:00PM ET
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.
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Written By: Cointelegraph
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