Animoca Granted Dubai License Amid Stricter Crypto Oversight

In brief

• Animoca Brands has received a VASP licence from VARA to offer broker-dealer and asset management services in Dubai.
• Dubai’s DFSA banned privacy tokens from DIFC-licensed exchanges and tightened its stablecoin definition in January.
• India, the EU, and Hong Kong have moved similarly, restricting or effectively banning privacy coins from regulated markets.