Dubai has been actively involved in the cryptocurrency market in recent days. Dubai, which has announced partnerships one after another, has now partnered with a new altcoin.
According to the statement, Sui Network (SUI) announced its collaboration with Dubai to support startups and grow the crypto ecosystem.
Accordingly, Layer-1 blockchain Sui Network announced that they have partnered with the Dubai Virtual Assets Regulatory Authority (VARA).
“Big news from the Middle East. Sui Dubai is proud to partner with VARA to support startups, nurture local talent, and grow the virtual asset ecosystem together. We are delighted to become an official blockchain partner with VARA.”
Through this partnership, Sui aims to support startups, promote local talent, and contribute to the growth of the virtual asset ecosystem in the region.
“The collaboration will feature SuiHub MENA, supported by Sui Foundation.
SuiHub MENA is dedicated to supporting builders and developers in the web3 ecosystem.
Together, they will engage in activities that simplify compliance processes for start-ups, provide advisory support and generate insights that will guide future virtual asset policies in the region.”
Big news from the Middle East 🇦🇪Sui is proud to collaborate with @varadubai to support startups, nurture local talent, and grow the virtual asset ecosystem together.
Grateful to be an official blockchain partner with VARA 📰 https://t.co/3NkKTxzr3A
— Sui (@SuiNetwork) June 4, 2025
Recently, layer-1 blockchain Solana (SOL) announced on its X account that the Solana Foundation has signed a Memorandum of Understanding (MOU) with the Dubai Virtual Asset Regulatory Authority (VARA) to promote close collaboration between crypto developers and regulators.
*This is not investment advice.
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