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Altcoin Launch from Dubai! After XRP and Solana, a partnership has now been established with this altcoin!
Dubai has been actively involved in the cryptocurrency market recently. At this point, Dubai, which has announced successive partnerships, has now established a partnership with a new altcoin.
According to the statement, Sui Network (SUI) announced a collaboration with Dubai to support initiatives and grow the crypto ecosystem.
Accordingly, Layer-1 blockchain Sui Network announced that they are collaborating with Dubai Virtual Assets Regulatory Authority (VARA).
"Great news from the Middle East. Sui is proud to collaborate with VARA to support initiatives, nurture local talent, and grow the virtual asset ecosystem together. We are happy to be an official blockchain partner with VARA."
Through this partnership, Sui aims to support new startups, promote local talent, and contribute to the growth of the virtual asset ecosystem in the region.
"SuiHub MENA, supported by the Sui Foundation, will be involved in the collaboration."
SuiHub MENA is dedicated to supporting builders and developers in the web3 ecosystem.
Together, they will engage in activities that simplify compliance processes for newly established companies, provide consulting support, and generate insights that will guide future virtual asset policies in the region.
Earlier this month, layer-1 blockchain Solana (SOL) announced on its da X account that the Solana Foundation has signed a Memorandum of Understanding (MOU) Dubai Virtual Asset Regulatory Authority (VARA) to promote close collaboration between crypto developers and regulators.
*Not investment advice.
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