Animoca Brands has received a cryptocurrency license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant step in its expansion across the Middle East. The approval, granted on February 5, enables the company to offer its services to institutional and qualified investors within the region under regulatory supervision. This licensing milestone supports Animoca Brands’ strategic growth in digital asset services and strengthens its presence in the evolving crypto ecosystem of the Gulf.
The license underscores Dubai’s increasing role as a hub for blockchain innovation and fintech development. With this authorization, Animoca Brands can now operate more formally within the regulated framework of the UAE, enhancing trust and access to high-level financial markets. The move aligns with broader regional efforts to attract global technology firms and promote digital economy initiatives through supportive regulatory environments.