Dubai Virtual Assets Regulatory Authority issues token issuance guidelines, clarifying regulatory frameworks for stablecoins and RWA

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Deep Tide TechFlow message, April 09, according to Cointelegraph, the Dubai Virtual Asset Regulatory Authority (VARA) on Thursday released virtual asset issuance guidelines, issuing clear rules for the structure design, disclosure requirements, and distribution methods of stablecoins and real-world asset (RWA) tokens.

The guidance divides token issuance into three pathways: Category 1 covers fiat-pegged and asset-pegged virtual assets; Category 2 must be distributed through licensed intermediaries, which are responsible for conducting due diligence and ongoing compliance verification; and the third category is functionally restricted exempt virtual assets.

VARA’s legal counsel, Ruben Bombardi, said the framework improves transparency through a whitepaper and independent risk disclosure statements, gives issuers “greater regulatory certainty,” and provides market participants with “a single, exclusive reference basis.” This guidance is an explanatory document for the existing “Virtual Asset Issuance Rules Manual,” not a newly enacted set of regulations.

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