PANews reported on October 17 that according to Cointelegraph, the DePIN protocol peaq has signed a memorandum of understanding with the Dubai Virtual Asset Regulatory Authority (VARA) to develop a regulatory framework for on-chain robotics and tokenized machines. The memorandum revolves around peaq's Machine Economy Free Zone. Other areas of cooperation include providing guidance for projects applying for VARA licenses, conducting joint training programs in technology and compliance, and sharing data to support research and regulatory work. Launched in July, the Dubai Machine Economy Free Zone is a controlled environment for testing how robotics and artificial intelligence operate in decentralized networks. Max Thake, co-founder of peaq, said the agreement "reflects the important commitment of both parties to make the machine economy a reality in a compliant manner and enable people to participate in, build and benefit from a brand new economic sector."PANews reported on October 17 that according to Cointelegraph, the DePIN protocol peaq has signed a memorandum of understanding with the Dubai Virtual Asset Regulatory Authority (VARA) to develop a regulatory framework for on-chain robotics and tokenized machines. The memorandum revolves around peaq's Machine Economy Free Zone. Other areas of cooperation include providing guidance for projects applying for VARA licenses, conducting joint training programs in technology and compliance, and sharing data to support research and regulatory work. Launched in July, the Dubai Machine Economy Free Zone is a controlled environment for testing how robotics and artificial intelligence operate in decentralized networks. Max Thake, co-founder of peaq, said the agreement "reflects the important commitment of both parties to make the machine economy a reality in a compliant manner and enable people to participate in, build and benefit from a brand new economic sector."
Dubai Virtual Assets Authority to Advance Machine Economy Regulation Through Collaboration with DePIN Protocol Peaq
1 min read
PANews reported on October 17 that according to Cointelegraph, the DePIN protocol peaq has signed a memorandum of understanding with the Dubai Virtual Asset Regulatory Authority (VARA) to develop a regulatory framework for on-chain robotics and tokenized machines. The memorandum revolves around peaq's Machine Economy Free Zone. Other areas of cooperation include providing guidance for projects applying for VARA licenses, conducting joint training programs in technology and compliance, and sharing data to support research and regulatory work. Launched in July, the Dubai Machine Economy Free Zone is a controlled environment for testing how robotics and artificial intelligence operate in decentralized networks. Max Thake, co-founder of peaq, said the agreement "reflects the important commitment of both parties to make the machine economy a reality in a compliant manner and enable people to participate in, build and benefit from a brand new economic sector."
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