Dubai VARA Partners with Peaq to Regulate Machine Economy and Robotics

Dubai's VIRTUAL Assets Regulatory Authority (VARA) has forged a strategic partnership with peaq, a decentralized physical infrastructure (DePIN) protocol, to establish a regulatory framework for the machine economy. The collaboration targets the integration of robotics, artificial intelligence (AI), and tokenized machines, ensuring compliance within Dubai's digital asset ecosystem.

Peaq's layer-1 blockchain enables machines to own assets, share data, and generate income. The Memorandum of Understanding (MoU) between VARA and peaq aims to develop guidelines that foster innovation while maintaining transparency and efficiency. Max Thake, co-founder of peaq, underscored the significance of this agreement in advancing decentralized networks.

The initiative includes testing in Dubai's Machine Economy Free Zone, where decentralized networks will interact with robotics and AI. This MOVE positions Dubai as a pioneer in shaping the future of autonomous economic systems.