Dubai’s VARA becomes world’s first regulatory authority to enter metaverse.
VARA, established to provide a secure and progressive operating framework for the virtual asset (VA) sector to be able to scale, while assuring market and investor protection, expects to regulate the governing principles of the services and activities, rather than the continually-evolving products and underlying technologies.
This bold move reflects Dubai Government’s confidence in virtual assets being integral to the future digital economy, and its readiness to establish the Emirate as the world’s virtual assets capital.
@dubai
