The post Solana Foundation Signs Crucial MoU With Dubai’s VARA: Details appeared on BitcoinEthereumNews.com.

Key Notes Solana Foundation is now in a functional partnership with Dubai’s VARA. The alliance aims to foster collaboration between builders and regulators in crypto. Solana price has recorded some gains following the collaboration news. After signing a Memorandum of Understanding (MoU) with Dubai’s Virtual Assets Regulatory Authority (VARA), Solana Foundation is set to establish its economic zone in the region. Solana announced the new development on X, stating that it sets the stage for deep collaboration between builders and regulators in the crypto space. Dubai Fosters Web3 Governance and Innovation As highlighted in the announcement, the collaboration between the Solana Foundation and VARA is focused on fostering teamwork between crypto stakeholders. Some activities to be hosted under the alliance are talent development training, workshops, and advisory sessions for founders. Solana Foundation just signed an MOU with VARA, Dubai’s Virtual Assets Regulatory Authority. It sets the stage for deep collaboration between crypto builders and regulators:> Talent development programs> Sharing economic impact + sector data> Workshops + advisory sessions for… pic.twitter.com/vFXCDqzkZx — Solana (@solana) June 3, 2025 They would also share details on the economic impact and industry trends, and assist the Dubai Solana Economic Zone. The VARA-Solana Foundation’s move reflects Dubai’s growing friendliness and increasing crypto adoption. It also marks a significant step towards reshaping global blockchain technology. Such a deal can improve economic research, regulatory innovation, and talent development. Dubai has shown some intense interest in leading Web3 governance and innovation. The City has demonstrated more receptiveness than other jurisdictions accused of stifling the crypto industry. A week ago, the Dubai Land Department (DLD) tapped the XRP Ledger (XRPL) as the blockchain infrastructure for its inaugural Real Estate Tokenization Project. Similarly, SuiHub MENA and VARA recently teamed up to help shape the future of Web3 in Dubai. The focus…

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Filed under: News - @ June 3, 2025 10:29 am