Solana Deepens Dubai Engagement with VARA Pact for Ecosystem Development

Market Altcoin Solana UAE Top Crypto News

Jun, 03, 2025

< 1 min read

by Ikemefula Aruogu

for CoinEdition

Solana Foundation and Dubai's VARA sign MoU to advance Solana's blockchain ecosystem; SOL token price increases.

Solana Foundation signed an MoU with Dubai’s Virtual Assets Regulatory Authority (VARA).
The partnership aims to help Solana founders, develop talent, & back a Solana Economic Zone.
SOL token price climbed ~4% to $162 following the partnership news on Tuesday.

The Solana Foundation has achieved another milestone in the push for wider blockchain and digital assets adoption. The Foundation announced today it has signed a Memorandum of Understanding (MoU) with Dubai’s Virtual Assets Regulatory Authority (VARA).

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

Partnership Set to Boost Solana Ecosystem in “Crypto-Forward” Dubai

According to the Solana Foundation, the recently signed agreement will allow Solana founders to plug directly into the palpable momentum of blockchain and digital assets development in Dubai. The Foundation acknowledged the region’s status as …

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