peaq, VARA partner to regulate the Machine Economy in Dubai

Decentralized physical infrastructure (DePIN) protocol peaq has signed a memorandum of understanding with Dubai’s Virtual Assets Regulatory Authority (VARA) to develop a regulatory framework for onchain robotics and tokenized machines.

According to a Thursday press release, the memorandum centers on peaq’s Machine Economy Free Zone, with additional areas of collaboration including guidance for projects seeking VARA licenses, joint training initiatives in technology and compliance, and data sharing to support research and regulation.

Launched in…