Virtual Assets Regulatory Authority of Dubai is to open a Headquarter based in The Sandbox

A global regulator is making the first act of making a virtual headquarter of Dubai’s VARA in the sandbox.

The main aim of VARA is to create an opportunity for everyone to access the regulator also to get familiar with and collaborate with industry leaders and international regulators.

This shows how Dubai is confident about its potential assets. Dubai established VARA intending to ensure a supported workplace for the mentioned sector to improve and, support investors. Dubai is acting determined to be known as the capital of virtual assets.

Sheikh Hamdan mentioned that by expanding VARA in the metaverse, a high number of audiences could be accessed. This will gather global authorities and spread knowledge.

Dubai is creating a way to maintain transformations in technology. We have taken over the role of an adopter to be an innovator and participate in forming further this technology.”