Dubai Regulator Establishes Virtual HQ in the Sandbox Metaverse

The Emirate’s Virtual Assets Regulatory Authority (VARA), Dubai’s new cryptocurrency regulator, announced on Tuesday that it has created a virtual headquarters in The Sandbox metaverse platform.

The Sandbox is a platform linked to the Ethereum-based blockchain in which users can purchase and sell play games, plots of land, and earn digital currency.
Sebastien Borget, COO and Co-founder of The Sandbox, disclosed firstly the development on Tuesday. Borget said: “We are thrilled to witness the progressive mission of Dubai’s Virtual Assets Regulatory Authority (VARA) and the UAE, establishing itself at the forefront of innovation to enable the current …

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