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The Dubai Virtual Asset Regulatory Authority has announced the entry into Metawares and the establishment of its headquarters in the virtual world “The Sandbox”.

As the world’s first regulator to enter the world of metawares, the Dubai Virtual Property Regulatory Commission seeks to consolidate its presence in the virtual world and enable components of the industry to access its services in its digital technology environment. Cooperation between global virtual property service providers and thinkers in the field of virtual property and international regulatory authorities.

The Dubai Virtual Property Regulatory Commission was established to expand the virtual assets sector and at the same time provide a secure and enhanced framework to ensure market and investor protection.

This important step reflects the Dubai government’s belief that virtual assets will be an integral part of the digital economy of the future, and confirms its desire to consolidate Emirate’s position as the world’s virtual property capital.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Directors of the Dubai Emirate, was speaking at the launch of the flagship headquarters of the Dubai Virtual Assets Regulatory Authority’s Metawares: “Dubai is adapting to all modern technological changes and the future of these technologies, even with the future. In providing our government, regulatory and oversight services to open and overseas visitors, the Dubai Virtual Assets Regulatory Commission is working to create a new economic sector that serves our national economy and contributes to providing investment and economic opportunities. In the presence of this power in the world of metavir, we begin a new historical and technological phase in the path of the Dubai government, which is long overdue. Will have positive effects on.

The Dubai Virtual Asset Regulatory Authority was established as a regulatory body aimed at providing support and secure expansion to the sector, which sees a rapid trend towards decentralization. It encourages thought leaders around the world, including international officials. , Regulators, management partners and business leaders to participate, share knowledge and collectively solve problems.

Emerging from its clear commitment to implementing the freedom to engage in economic activity in metawares, the Dubai Virtual Property Regulatory Authority joins the leaders of change in the private sector and new innovators in the field of information and communication technology, financial and professional services. VARA MetaHQ will be the primary channel for power cooperation with virtual property service providers around the world to open the door to new orders beyond what is expected from the entertainment and consumer goods and gaming world and virtual asset service providers. Enable awareness raising, enable secure adoption, and enable global activism by sharing knowledge and experience with licensees, consumers and fellow regulators to enter the metavirus world.

For his part, Director General of the Dubai World Trade Center HE Helal Saeed Al Marri said: “Dubai considers the virtual assets sector to be the key driver of the world economy in the future. The Dubai Virtual Property Regulatory Commission has been established. Important moment.Metaverse makes the UAE the first judicial power to enter this virtual world, reflecting the aspirations of the rational leadership to establish a new market with boundless guarantees and sustainable economic freedom.

The presence of the Dubai Commission to regulate the virtual assets of the land in “The Sandbox” signifies our confidence in this sector, and the responsibility of being a government as a bridge to help investors and consumers fall on our shoulders. The sector must cooperate to secure and improve the economy. It will expand securely and sustainably from the virtual economy. “

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