Dubai authorities clarify rules for RWA, stablecoin issuance

Dubai's Virtual Assets Regulatory Authority (VARA) has issued new guidelines to clarify the rules for issuing stablecoins and real-world asset (RWA) tokens, Cointelegraph reported. The move strengthens disclosure and governance standards by classifying these tokens into three distinct categories. According to the announcement, the focus is on enhancing existing regulations rather than creating new laws. The three categories are: cryptocurrencies pegged to fiat currency, tokens that must be distributed through VARA-licensed brokers, and exempt cryptocurrencies with limited functionality.