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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
White House Report Challenges Stablecoin Yield Ban, CLARITY Act Advances in Senate
A White House report argues against banning stablecoin yields, highlighting minimal benefits for bank lending and reduced consumer earnings. Key officials support the CLARITY Act, but the Senate Banking Committee's timeline remains uncertain, affecting the bill's chances before summer recess.
GateNews47m ago
Criticized for freezing too slowly: USDC freezes are taking too long! Circle CEO: We will definitely wait for a court order before freezing; we refuse to freeze it on our own
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or law-enforcement requirement. Even amid allegations of hacker money laundering and community backlash, Circle continues to insist on operating under the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market surges with uncertainty, Circle’s CEO Jeremy Allaire, at a press conference in Seoul, South Korea, made a clear stance on the market’s most sensitive issue of “asset freezes.” He noted that while Circle has technical means to freeze specific wallet addresses, unless it receives a court order or an official directive from law-enforcement agencies, the company will not
CryptoCity1h ago
Can bypass FSC regulations on using credit cards to buy crypto? OdinTing introduces the Wallet Pro service for buying crypto with a U.S. debit card
The OwlPay and Wallet Pro services launched by OdinTin use stablecoin technology to enable B2B cross-border payments, and—by partnering with major international payment players—showcase its ambitions for expansion in the fintech sector. By operating from overseas, OdinTin bypasses Taiwan’s regulatory restrictions, providing fast virtual-asset trading. Meanwhile, as it faces the newly promulgated Virtual Asset Services Act, it is set to become a reference template for other foreign-invested companies entering the Taiwan market.
CryptoCity2h ago
CLARITY Act Dropped From Senate Schedule; Crypto Bill Faces May Deadline to Avoid 2030 Delay
Senate Banking Committee Chair Tim Scott has delayed advancing the CLARITY Act due to unresolved issues, including stablecoin disputes and DeFi provisions. With a critical May deadline approaching, the bill's future remains uncertain amid political challenges.
GateNews3h ago
South Africa's FSCA Receives 128 Crypto Exchange License Applications by November 30 Deadline
As of November 30, 2023, South Africa's FSCA received 128 crypto asset service provider license applications. Of these, 19 were withdrawn, 74 are under review, and others have set assessment dates, indicating a push for investor protection in the digital asset space.
GateNews3h ago
Criticized for freezing USDC too slowly! Circle CEO: We will definitely wait for the court’s order before freezing—refusing to freeze privately/by ourselves without authorization
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or a request from law enforcement. Even amid hacker money-laundering disputes and community backlash, Circle still insists on operating in accordance with the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market roils, Circle’s CEO Jeremy Allaire, the stablecoin issuer, delivered a clear stance on the most sensitive issue in the market at a press conference in Seoul, South Korea. He pointed out that although Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or a formal instruction from law-enforcement authorities, the company will not take such action on its own.
CryptoCity4h ago
