Animoca Brands, a leading global player in Web3 and digital property rights, has officially secured a commercial license to operate within the Dubai International Financial Centre (DIFC). This development marks a significant step for the company as it expands its footprint in the Middle East, a region rapidly becoming a focal point for blockchain innovation. The granting of the license occurs against a backdrop of increasing regulatory scrutiny in the United Arab Emirates. Local authorities, including the Virtual Assets Regulatory Authority (VARA), have been implementing more stringent oversight measures to ensure market integrity and investor protection. Despite the tightening rules, Animoca’s successful licensing highlights its commitment to compliance and its strategy to collaborate with regulated financial hubs. The company intends to use its new status to foster the growth of the metaverse and blockchain gaming ecosystem in Dubai, leveraging the city’s ambition to become a premier destination for the digital economy.
Source: Animoca Granted Dubai License Amid Stricter Crypto Oversight
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