After Ripple (XRP), Dubai Also Partnered With This Giant Altcoin!

The Solana Foundation has signed a new partnership in Dubai to increase crypto collaboration.

Accordingly, Solana Foundation signed a Memorandum of Understanding with the Dubai Virtual Assets Regulatory Authority (VARA).

Layer-1 blockchain Solana (SOL) announced in a post on its X account that the Solana Foundation has signed a Memorandum of Understanding (MOU) with the Dubai Virtual Asset Regulatory Authority (VARA) to promote close collaboration between crypto developers and regulators.

The partnership will focus on talent development programs, data sharing, workshops, mentoring sessions and support for the establishment of a Solana Economic Zone in Dubai.

Regulatory clarity, coupled with ecosystem support, continues to make Dubai attractive for innovation. The planned Solana Economic Zone will serve as a cornerstone for this transformation by bringing together developers, policymakers and investors. As partnerships deepen, Dubai’s leadership in digital assets is likely to strengthen.

“Solana Foundation has signed a Memorandum of Understanding with Dubai’s Virtual Asset Regulatory Authority, VARA. This paves the way for deep collaboration between crypto creators and regulators.

• Talent development programs
• Sharing economic impact + industry data
• Workshops + mentoring sessions for founders
• Support for Solana Economic Zone in Dubai

“Dubai is already one of the most crypto-forward cities in the world. This partnership helps the Solana founders directly participate in that momentum.”

*Not investment advice

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