Regulatory Alerts2026-04-09
Guidance on the Virtual Asset Issuance Rulebook
The Dubai Virtual Assets Regulatory Authority issues this guidance to standardize virtual asset issuance by entities operating in the Emirate. It mandates a three-tier classification system where Category 1 issuers must secure a VARA license and maintain reserve assets, while Category 2 issuers operate without a license but must engage licensed distributors for placement and distribution. Issuers are further required to publish compliant whitepapers, demonstrate that activities occur in the course of business, and proactively meet reclassification obligations when asset features change.
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