Solana Foundation Joins VARA For Crypto Push in Dubai

The Solana Foundation has signed an agreement (MOU) with Dubai’s Virtual Assets Regulatory Authority (VARA) to make Dubai a top spot for crypto globally.

The partnership includes training programs for new talent, sharing data about the crypto industry’s impact, holding workshops and advice sessions for startup founders, and creating a special Solana Economic Zone in Dubai. This zone will be a hub for blockchain projects.

Dubai is already known as a city that is taking the innovative steps for crypto. Additionally, this deal will provide a chance for Solana’s founders to grow in its fast-moving market. The country aims to support crypto growth while keeping things safe and regulated. The Solana Economic Zone in Dubai will be a major hub for blockchain ideas, bringing in developers and businesses. 

This partnership wants to help crypto grow safely while following laws and encouraging new ideas. Solana shared this news on its X post. Many people in the industry think this will help blockchain become more popular, especially in the Middle East.