Dubai’s Virtual Assets Regulatory Authority (VARA) announced plans to establish its metaverse headquarters in The Sandbox virtual world. Thus, VARA would become the world’s first regulator to enter the metaverse, showcasing the government’s attempts to turn Dubai into a hub for the digital economy. VARA said in a statement that its move into the metaverse…

Breaking crypto news from the last week (Apr. 30 – May 6, 2022): Apr. 30: Three Arrows Capital, a crypto hedge fund, moves its headquarters from Singapore to Dubai as the UAE is gradually replacing Singapore as a crypto mecca. Bybit, Binance, Kraken, and FTX are setting up offices in the UAE as crypto migrates…

The US Securities and Exchange Commission (SEC) has approved Valkyrie’s futures exchange-traded fund (ETF) application. This is the second futures ETF approved by the SEC this year after Teucrium. However, spot ETFs seem unlikely to happen soon without more regulation, recent developments suggest. According to the SEC document published on May 5, the application was…