This licence from Dubai's VARA gives Animoca Brands a crucial foothold in the Middle East's rapidly growing digital asset market.
This licence from Dubai's VARA gives Animoca Brands a crucial foothold in the Middle East's rapidly growing digital asset market. It enhances their legitimacy and ability to attract institutional clients, setting a precedent for other crypto gaming firms seeking regulatory approval in the region.
Animoca Brands has been granted a VASP licence by Dubai's VARA.
The company can now offer regulated virtual asset services in Dubai.
This move is a key part of Animoca Brands' expansion into the Middle East.
As a Hong Kong-based firm, Animoca Brands' successful VASP licence acquisition in Dubai sets a precedent for other APAC digital asset companies eyeing global expansion. It underscores the growing competition for regulatory clarity and market access outside traditional APAC hubs, potentially influencing investment flows and strategic decisions for firms in Singapore, South Korea, and Australia seeking stable regulatory frameworks.
The company can now offer regulated virtual asset services in Dubai.
This move is a key part of Animoca Brands' expansion into the Middle East.
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