Dubai's VARA lays out three-tier token issuance framework, reserves strictest rules for stablecoins and RWAs
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Promote with Leviathan NewsDubai’s Virtual Assets Regulatory Authority (VARA) has issued guidance that clarifies how token issuance should work under its existing Virtual Asset Issuance Rulebook, rather than creating a new law. The framework splits issuances into three pathways: Category 1 for fiat-referenced and asset-referenced virtual assets such as stablecoins and many real-world asset (RWA) token structures, Category 2 for other issuances that must be distributed through a VARA-licensed intermediary, and a third category for exempt tokens with limited functionality.
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- Dubai Sets Three-Track Framework for Token Issuance (coinmarketcap.com)
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- VARA Crypto Licence Dubai | VARA Regulation Support - A2CO (a2co.com)
- Guidance on the Virtual Asset Issuance Rulebook (rulebooks.vara.ae)
- Virtual Asset Issuance Rulebook (rulebooks.vara.ae)
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