The Solana Foundation and Dubai’s Virtual Asset Regulatory Authority have signed an MOU to collaborate on not only helping founders navigate licensing through workshops, advisory sessions and practical guides but also supporting the creation of a virtual asset innovation hub in Dubai that will offer policy feedback and data sharing.
Additionally the two entities will work to develop talent, provide economic impact reports, as Dubai positions itself as a forward thinking crypto jurisdiction.
Solana Foundation on LinkedIn noted, “Dubai continues to position itself as one of the most forward-thinking crypto jurisdictions in the world. We’re proud to support that vision and help founders, teams and investors plug into this growing ecosystem.”
Dubai VARA also on LinkedIn added, “We’re proud to formalise our partnership with the Solana Foundation through a newly signed MoU by our CEO, Matthew White, and Lily Liu, President of the Solana Foundation. From regulatory education and talent development, to data-sharing and co-creating the Solana Economic Zone in Dubai – this partnership reinforces our commitment to building a transparent, innovation-first environment for the virtual assets sector.”
Earlier this week Dubai VARA also signed an agreement with Sui Hub for similar initiatives.
