Dubai Virtual Assets Regulatory Authority (VARA) has issued virtual asset issuance guidelines, clearly outlining the design and distribution of stablecoins and real-world asset tokens. Token issuance is divided into three categories, providing market participants with a reference by improving transparency and regulatory certainty. These guidelines are an interpretation of existing rules, not new regulations.

Gate Group announces that its Dubai subsidiary, Gate Dubai, has officially launched and obtained a Virtual Asset Service Provider license, offering spot trading services for cryptocurrencies. This move is a significant step in its global compliance strategy, aimed at strengthening market connectivity in the Middle East and North Africa, while also planning to participate in the development of the local digital asset ecosystem.

ChainCatcher reports that Turkey's leading digital asset platform Paribu has announced the acquisition of CoinMENA, the largest local cryptocurrency exchange in the Middle East and North Africa (MENA) region, with the deal valued at up to $240 million. Through this acquisition, Paribu will expand from the domestic Turkish market to the MENA region, which has a high rate of cryptocurrency adoption, and will obtain two valid digital asset licenses issued by the Dubai Virtual Assets Regulatory Authority (VARA) and the Central Bank of Bahrain.