Animoca Brands Secures Dubai VASP License

[johnblockbuster]

Animoca Brands has secured a Virtual Asset Service Provider (VASP) license from Virtual Assets Regulatory Authority (VARA), enabling it to expand crypto operations across the Middle East.

The license allows Animoca to provide broker-dealer and investment management services related to virtual assets in and from Dubai (excluding the Dubai International Financial Centre). The services will primarily target institutional and qualified investors under VARA’s regulatory framework.

VARA, established in 2022, oversees digital asset activity across Dubai’s mainland and free zones, positioning the emirate as a regulated hub for global crypto firms.

[kevin1]

lol animoca getting a dubai license is a smart move, regulatory clarity goes a long way for institutions