PEAQ signs MOU with Dubai Virtual Assets Regulator on Machine Economy

Web3 project PEAQ said on the 22nd that it has signed a memorandum of understanding (MOU) with the Dubai Virtual Assets Regulatory Authority (VARA) to establish regulations for the machine economy. The machine economy is an economic system in which machines such as robots, vehicles, and drones provide services and exchange value on a blockchain-based network.

The agreement was signed on the occasion of 'GITEX Global 2025', held in Dubai from the 13th to the 17th of this month. The MOU included regulatory guidelines for PEAQ-based projects, talent training, and data reporting.

PEAQ said the MOU is part of a strategy to expand the 'Machine Economy Free Zone (MEFZ)' currently operating in the United Arab Emirates (UAE). MEFZ is a regulatory sandbox for on-chain robotics and decentralized physical infrastructure (DePIN) projects. VARA plans to officially recognize MEFZ through this agreement and to strengthen related policy discussions and support.

In addition, PEAQ and VARA will cooperate in areas such as VARA license application guidance, professional talent development, and sharing economic data.

Max Take, PEAQ co-founder, said, "The UAE is the optimal place to set the global standard for machine tokenization as a hub of Web3 and robotics innovation," adding, "This agreement is an important milestone for realizing a machine economy that complies with regulations."