Dubai has partnered with this major altcoin after (XRP) from Ripple!

The Solana Foundation has signed a new partnership in Dubai to enhance cryptocurrency collaboration.

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

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

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

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

"The Solana Foundation has signed a Memorandum of Understanding with VARA, Dubai's Virtual Assets Regulatory Authority. This lays the groundwork for deep collaboration between crypto creators and regulators."

• Skill development programs
• Sharing economic impact + sector data
• Workshops + consulting sessions for founders
• Support for the Solana Economic Zone in Dubai

Dubai is currently one of the most crypto-forward cities in the world. This partnership helps the founders of Solana to directly participate in this momentum.

*This is not investment advice

Follow our Telegram group, Twitter account, and Youtube channel immediately for exclusive news, analysis, and on-chain data! Also, start live price tracking by downloading our Android and IOS applications right away!