Gate News message: On April 9, the Dubai Virtual Asset Regulatory Authority (VARA) issued on Thursday virtual asset issuance guidelines that set out clear requirements for the structural design, information disclosure, and distribution methods for stablecoins and real-world asset (RWA) tokens. The guidelines divide token issuance into three pathway categories: Category 1 covers fiat-pegged and asset-pegged virtual assets; Category 2 must be distributed through a licensed intermediary, which is responsible for due diligence and ongoing compliance verification; and the third category consists of functionally limited exempt virtual assets. VARA’s legal counsel, Ruben Bombardi, said the framework enhances transparency through a white paper and an independent risk disclosure statement, providing issuers with “greater regulatory certainty,” and giving market participants “a single, exclusive basis of reference.” These guidelines are an interpretive document for the existing “Virtual Asset Issuance Rules Handbook,” not a newly enacted regulation.
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