Dubai Virtual Asset Regulatory Authority Clarifies Three-Path Rules for Stablecoin and RWA Token Issuance

CoinFeed reported on April 9th ​​that, according to Cointelegraph, the Dubai Virtual Asset Regulatory Authority (VARA) has released issuance guidelines, categorizing token issuance into three types: Category 1 tokens (fiat-pegged and asset-pegged), Category 2 tokens (requiring distribution through VARA-licensed intermediaries), and Category 3 exempt tokens with limited functionality. The guidelines require clear definition of reserve assets, redemption rights, and legal structure for stablecoins and RWA tokens, and strengthen the due diligence and ongoing compliance verification responsibilities of licensed distributors. VARA emphasizes an information disclosure mechanism centered on white papers and independent risk disclosure documents, providing a unified regulatory framework for the issuance and distribution of virtual assets in Dubai.