🚀 Dubai's VARA Issues Guidance on Virtual Asset Issuance
#Dubai #VARA #VirtualAssets #Stablecoins #RealWorldAssetTokens #RegulatoryGuidance #IssuancePathways #CryptoRegulation #Blockchain #DigitalAssets
Dubai's Virtual Assets Regulatory Authority (VARA) has released guidance detailing the structuring, disclosure, and distribution of virtual assets, including stablecoins and real-world asset tokens. According to NS3.AI, the document outlines three issuance pathways, specifying that Category 2 issuances must be distributed through intermediaries licensed by VARA. This guidance serves to interpret VARA's existing issuance rulebook rather than establish new laws. Ruben Bombardi, general counsel at VARA, stated that the framework aims to provide issuers with enhanced regulatory clarity and assist users in making more informed decisions.#Dubai #VARA #VirtualAssets #Stablecoins #RealWorldAssetTokens #RegulatoryGuidance #IssuancePathways #CryptoRegulation #Blockchain #DigitalAssets