The Dubai Virtual Assets Regulatory Authority (VARA) has released detailed guidelines for virtual asset issuance, further clarifying disclosure and governance standards for stablecoins, real-world assets (RWA), and other digital assets by dividing token issuance into three categories. Category 1 issuance covers fiat-pegged tokens (stablecoins) and asset-backed tokens (RWA), requiring issuers to obtain full licensing and strictly adhere to reserve and redemption rights regulations; Category 2 issuance assets must be distributed through VARA-licensed intermediaries, who are responsible for due diligence; exempted assets are limited to specific assets with limited functions. (Cointelegraph)