The Virtual Assets Regulatory Authority of Dubai has officially been introduced as the world`s first independent regulator for virtual assets. The launch of VARA is a visionary step to position Dubai as a regional and international hub for virtual assets and related services. VARA aims at developing the digital economy of the city to boost its competitive edge and attract investments and businesses to the Emirate of Dubai.

VARA will develop regulations and standards for virtual assets platforms and related services. Dubai continues to position itself as an international leader in blockchain and Metaverse strategies and technologies as well. The city has become one of the most preferred destinations for related businesses and investors given the strong infrastructure, safe ecosystem, vision, and continuous development.

Check out VARA`s official website Here.