Dubai Virtual Assets Regulator Establishes HQ in the Metaverse

The Dubai virtual assets regulator, the Virtual Assets Regulatory Authority (VARA), has established its metaverse headquarters in The Sandbox virtual world. By establishing a presence in the metaverse, the regulator said it hopes to make itself accessible to all stakeholders.

Contenido

World’s ‘Virtual Assets Capital’

Dubai’s digital assets regulator, the Virtual Assets Regulatory Authority (VARA), has established its metaverse headquarters (HQ) in the virtual world of The Sandbox, a statement from the regulator has said. The regulator said its objective for setting up the metaverse HQ is to ensure VARA “is accessible to its industry in their environment.”

VARA is also expected to help facilitate engagement between virtual asset service providers (VASP), industry influencers, and global regulators. According to the statement, by making this move, the Dubai regulator is signaling a willingness to make the Emirate “the world’s Virtual Assets Capital.”

Maintaining Dubai’s Lead

In remarks following the anuncio, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, dijo:

“Dubai maintains a leading position at the forefront of technological transformation. We have exceeded the role of an early adopter to become an innovator and participant in shaping the future of this technology. Este Dia, VARA joins the metaverse to become Dubai’s – and the metaverse’s – first government authority, ushering in a new era in which [la] Dubai government utilises modern innovations to extend its services and regulatory power to audiences in an open technological expanse, without constraints or borders.”

Sheikh Hamdan added that by establishing the metaverse HQ, VARA has created a decentralized regulatory model that allows stakeholders to share or exchange knowledge, and solve problems collectively.

Helal Saeed Almarri, the director-general at the Dubai World Trade Center Authority, dijo: “As the first niche regulator for the VA [activos virtuales] sector globally, VARA’s Metaverse HQ also makes the UAE the first jurisdiction to enter this platform, reflecting our leadership’s aspiration to facilitate a borderless new market enabling sustainable economic freedom.”

Etiquetas en esta historia

¿Cuáles son sus pensamientos sobre esta historia? Cuéntanos lo que piensas en la sección de comentarios a continuación..

Terence Zimwara

Terence Zimwara es un periodista galardonado de Zimbabue, autor y escritor. Ha escrito extensamente sobre los problemas económicos de algunos países africanos y sobre cómo las monedas digitales pueden proporcionar a los africanos una vía de escape..













Créditos de imagen: Shutterstock, pixabay, Wiki Commons, Sanoop.cp

Descargo de responsabilidad: Este artículo es solo para fines informativos.. No es una oferta directa o solicitud de una oferta para comprar o vender, o una recomendación o respaldo de cualquier producto, servicios, o empresas. Bitcoin-Tidings.com no proporciona inversión, impuesto, legal, o asesoramiento contable. Ni la empresa ni el autor son responsables, directa o indirectamente, por cualquier daño o pérdida causado o presuntamente causado por o en relación con el uso o la confianza en cualquier contenido, bienes o servicios mencionados en este artículo.

Leer Descargo de responsabilidad