VARA and Mastercard sign MoU to explore a regulatory sandbox for founders

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The Dubai Virtual Assets Regulatory Authority (VARA) and Mastercard have signed a memorandum of understanding to explore regulatory sandbox opportunities for founders and emerging businesses. The two parties will also strengthen industry engagement and knowledge sharing, and seek ways to support new technologies and market participants. Mastercard is advancing infrastructure to enable stablecoins and other forms of digital value for everyday payments, and has acquired stablecoin infrastructure provider BVNK.