Sui Reaches Cooperation with Dubai Virtual Assets Regulatory Authority (VARA) to Promote Web3 Innovation and Regulatory Alignment in the Middle East

PANews June 5 news, according to Sui Network's announcement, its subsidiary SuiHub MENA has signed a cooperation agreement with the Dubai Virtual Assets Regulatory Authority (VARA). Both parties will jointly support startup projects, cultivate local talent, and promote the construction of the virtual asset ecosystem in the Middle East. The cooperation includes providing compliance guidance for startups, jointly holding educational training, supporting SuiHub's innovation center in Dubai, exploring joint research and economic policy recommendations, aiming to make Dubai a global hub for virtual asset innovation. Sui has now become VARA's official blockchain partner.