Animoca Brands announced that it has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval allows the company to legally offer crypto-related services in Dubai, except within the Dubai International Financial Centre (DIFC).
VARA was set up in 2022 under Dubai Law No. 4 of 2022 to regulate crypto and digital asset activities in Dubai. The license is an important step for Animoca Brands as it expands its presence in one of the fastest-growing crypto markets.
How the License Expands Operations
With the new VASP license, Animoca Brands can offer broker-dealer services and manage crypto investments. This means the company can help clients buy and sell digital assets and provide investment services under official regulatory approval.
The company will operate from Dubai and focus mainly on institutional and qualified investors worldwide. With clear regulatory approval, Animoca can now grow its crypto financial services in the Middle East while following local rules.
This move also supports Animoca Brands’ wider business, which includes platforms like Moca Network, Open Campus, Anichess, and The Sandbox. In addition, the company has invested in over 600 companies and digital assets, making it one of the largest investors in the blockchain industry.
Dubai’s clear crypto regulations have attracted many global crypto firms. By securing approval from VARA, Animoca joins other major companies setting up regulated operations in the region.
Crypto Market Impact
Animoca Brands’ approval highlights Dubai’s growing role as a global crypto hub. With licensed broker and investment services now available, institutional investors may find it easier to access regulated crypto opportunities through Dubai.
The development also shows a wider industry shift toward working under clear regulations. As more countries introduce crypto rules, major companies are applying for licenses to operate legally and attract larger investors.
For the broader market, this approval shows that regulated crypto services are expanding beyond the United States and Europe. The Middle East, especially Dubai, is becoming a strong center for blockchain businesses and digital asset services.
Overall, the VASP license strengthens Animoca Brands’ position in the region and reflects the continued growth and maturity of the global crypto industry.
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