The post Animoca Brands Secures Dubai VASP License from VARA appeared first on Coinpedia Fintech News
Animoca Brands announced that it has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval allows the company to legally offer crypto-related services in Dubai, except within the Dubai International Financial Centre (DIFC).
VARA was set up in 2022 under Dubai Law No. 4 of 2022 to regulate crypto and digital asset activities in Dubai. The license is an important step for Animoca Brands as it expands its presence in one of the fastest-growing crypto markets.
How the License Expands Operations
With the new VASP license, Animoca Brands can offer broker-dealer services and manage crypto investments. This means the company can help clients buy and sell digital assets and provide investment services under official regulatory approval.
The company will operate from Dubai and focus mainly on institutional a
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