Dubai’s VARA Clarifies Token Issuance Rules for Stablecoins and RWAs
Cointelegraph
Dubai’s VARA has issued new guidance categorizing stablecoins and real-world assets to enhance regulatory clarity and transparency for token issuers.Summary
Dubai’s Virtual Assets Regulatory Authority (VARA) has released detailed guidance interpreting its existing Virtual Asset Issuance Rulebook. The new framework establishes three distinct categories for token issuance, providing specific guidelines for stablecoins (fiat-referenced) and real-world asset (RWA) tokens. By moving away from general securities laws, VARA aims to create a tailored regime that improves transparency, mandates rigorous disclosure through whitepapers, and clarifies the responsibilities of licensed intermediaries. This initiative seeks to provide issuers with greater regulatory certainty while ensuring investors receive accurate information regarding asset risks.
(Source：Cointelegraph)