Peaq signs MOU with Dubai’s VARA to create regulatory framework for onchain robotics and tokenized machines. The Machine Economy Free Zone will serve as a testing ground for decentralized networks. VARA aims to position Dubai as a global leader in regulating digital assets and blockchain innovation. Dubai attracts high-net-worth crypto investors, with the UAE expected to become the leading destination for migrating millionaires in 2025. Chase Ergen predicts crypto sector will become UAE’s second-largest industry within five years.

Read more at Cointelegraph: peaq, VARA partner to regulate the Machine Economy in Dubai