Peaq, a blockchain company that makes robots feel less lonely, just shook hands with Dubai’s VARA to create a “regulatory framework” for machines doing things like, I don’t know, eating sand and pretending to be valuable. Spoiler: it’s mostly lawyers getting excited about NFTs.
According to a press release that could’ve been written by a robot (judging by the enthusiasm), they’re focusing on peaq’s “Machine Economy Free Zone” – a fancy sandbox where robots can test their ability to not, like, malfunction or murder humans. Bonus points for compliance!
Launched in July, this free zone is basically Dubai’s version of “Let’s let robots play house while we sip lattes and pretend we’re in control.”
Peaq co-founder Max Thake said the deal is “important,” which is code for “we’re all going to be replaced by AI, but at least it’ll be compliant.”
Peaq is a blockchain where robots can own assets, share data, and earn income. Because nothing says “future” like giving your Roomba a 401(k).
VARA, Dubai’s crypto cops, now regulate everything from Dogecoin to robot ethics. Established in 2022, they’re basically the babysitters of the digital asset world – but with better coffee.
This announcement comes *just* after VARA partnered with DMCC to tokenize commodities. Because why sell oil when you can sell tokenized oil on a blockchain? Priorities.
VARA CEO Matthew White said they want Dubai to be the “global benchmark” for crypto. Translation: we’re building a tech utopia… for the wealthy.
Dubai’s crypto push since 2022 has turned it into a playground for crypto bros and their crypto ex-wives. VARA’s latest rulebook update lets people issue RWAs – because real-world assets just needed a middleman with a blockchain.
In August, VARA and SCA teamed up to make sure Dubai’s licenses work everywhere in the UAE. Because regional cooperation is *so* 2024.
In September, the UAE joined a tax-sharing deal for crypto. It’ll take effect in 2027, which is basically crypto’s version of “see you later, never.”
Dubai’s crypto charm offensive has lured 9,800 millionaires to relocate in 2025. Welcome to the desert of dreams, where your robot butler will probably steal your crypto. 🌵🤖
Chase Ergen of DeFi Technologies predicts crypto will become the UAE’s second-largest industry in five years. Because nothing says “economic diversity” like gambling on digital ponzi schemes.
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2025-10-17 01:28