Dubai's New Token Launch Guidelines
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Dubais Virtual Assets Regulatory Authority (VARA) has released new guidance on token launches, categorizing them into three groups to enhance disclosures and governance, particularly for stablecoins and real-world asset tokens. This framework, which complements existing rules without introducing new laws, classifies high-risk tokens like fiat-backed stablecoins into category one, requires a licensed middleman for category two, and exempts basic function tokens. The new setup provides clarity for issuers, with licensed distributors handling due diligence and compliance checks to safeguard investors. VARAs general counsel, Ruben Bombardi, believes this tailored approach boosts transparency and aids informed decision-making. This move is part of Dubais broader strategy to develop a bespoke crypto regulatory framework, following recent expansions in rules for exchange-traded derivatives, solidifying its position as a global crypto hub.
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