🇦🇪 UAE — Animoca Brands received crypto license from VARA in Dubai
The Dubai Virtual Assets Regulatory Authority (VARA) granted Animoca Brands a VASP license on February 5. This opens access for the company to the market of institutional and qualified investors in the emirate under the supervision of the local regulator.
➡️ What the VARA license allows
🟡 Status of Virtual Asset Service Provider (VASP) by VARA
🟡 Right to provide brokerage and investment management services in crypto assets in Dubai (except DIFC)
🟡 Focus on institutional and qualified investors operating through regulated infrastructure
➡️ Why is this important for Animoca Brands
🟡 The company based in Hong Kong builds and invests in Web3 ecosystems: The Sandbox, Open Campus, Moca Network, and others
🟡 The license expands the possibilities of working with Web3 funds and global institutional investors in a ‘white-listed’ jurisdiction
🟡 The regulated status in Dubai strengthens Animoca's position as an infrastructure partner for early-stage projects and institutional capital
➡️ Dubai reinforces its bet on the regulated crypto sector
🟡 Since 2022, VARA regulates the issuance, circulation, and trading of digital assets in the mainland territory of Dubai and in free zones
🟡 In October 2025, BitGo also received a brokerage license from VARA for institutional trading of digital assets
🟡 At the same time, VARA is tightening supervision: financial sanctions against 19 companies for operating without a license and violations of marketing rules
Dubai continues to structure a crypto hub model where retail activity is gradually filtered by licensed infrastructure players. For Web3 projects and funds, it is a sign: entry into the region increasingly goes through providers like Animoca Brands, under strong supervision from VARA
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