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Dubai releases the latest guidelines for the issuance of tokens such as RWA and stablecoins
ME News, on April 9 (UTC+8), the Dubai Virtual Asset Regulatory Authority (VARA) released a detailed guide that clarifies the structure, disclosure, and distribution requirements for token issuers in this emirate. The document explains the existing VARA virtual asset issuance rules manual and categorizes token issuance into three types: the first covers fiat-backed virtual assets and asset-backed virtual assets; the second must be distributed through intermediaries licensed by VARA; the third consists of exempt virtual assets with functionally limited scope. VARA’s General Counsel, Ruben Bombardi, said that the framework is intended to provide market participants with a more targeted regulatory pathway and legal clarity by enhancing transparency regarding asset characteristics and risks. (Source: ODAILY)