Dubai’s Virtual Assets Regulatory Authority (VARA) and peaq, a company that builds computer systems for the Machine Economy, signed a Memorandum of Understanding (MoU) at GITEX GLOBAL 2025 in Dubai.
According to the press release, this agreement will focus on how to regulate on-chain robotics, DePIN (Decentralized Physical Infrastructure Networks), as well as tokenized machines
Under the MoU, VARA officially recognizes peaq’s Machine Economy Free Zone (MEFZ) as a hub for developing real-world machine-based assets, and is now ready to support it.
Both sides will work together on four main goals: guiding companies that want licenses, sharing important data, helping new talent learn about this technology, and supporting the growth of the free zone.
You need to login in order to Like
Leave a comment