TechFlow News, April 9: According to a Cointelegraph report, the Dubai Virtual Assets Regulatory Authority (VARA) released its Virtual Asset Issuance Guidance on Thursday, establishing clear requirements regarding the structural design, disclosure obligations, and distribution methods for stablecoins and tokenized real-world assets (RWAs).
The guidance classifies token issuances into three categories: Category 1 covers fiat- and asset-backed virtual assets; Category 2 requires distribution through licensed intermediaries, which are responsible for conducting due diligence and ongoing compliance verification; and Category 3 comprises functionally limited exempt virtual assets.
Ruben Bombardi, VARA’s General Counsel, stated that this framework enhances transparency through whitepapers and independent risk disclosure statements, providing issuers with “greater regulatory certainty” and market participants with a “single, dedicated reference point.” This guidance serves as an interpretive document clarifying VARA’s existing Virtual Asset Issuance Rules Handbook—not as newly enacted legislation.
