Dubai releases the latest guidelines for the issuance of tokens such as RWA and stablecoins

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ME News report: On April 9 (UTC+8), the Dubai Virtual Asset Regulatory Authority (VARA) released a detailed guide clarifying the framework for token issuers in the emirate, including structure, disclosure, and distribution rules. The document sets out and explains the existing virtual asset issuance rules manual of VARA, dividing token issuance into three categories: the first covers fiat currency-referenced virtual assets and asset-referenced virtual assets; the second must be distributed through intermediaries licensed by VARA; and the third consists of exempt virtual assets with restricted functions. VARA’s General Counsel, Ruben Bombardi, said that this framework is designed to provide market participants with a more targeted regulatory pathway and legal clarity by improving transparency around the characteristics of the assets and the associated risks. (Source: ODAILY)

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