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A new frontier: Dubai’s virtual assets regulator will be first in metaverse
11 May 2022
Public

LONDON: Dubai’s Virtual Assets Regulatory Authority (VARA) announced on Tuesday that it would become the world’s first regulator to enter the metaverse.

The authority will establish its metaverse HQ in the virtual world “The Sandbox,” an ethereum blockchain-based application backed by Japanese investment conglomerate SoftBank, that allows users to create, sell and purchase digital assets.

Read more at : https://www.arabnews.com/node/2075051/business-economy

Source: Arab News

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