Cointelegraph reported that the Dubai Virtual Assets Regulatory Authority (VARA) announced guidelines classifying stablecoin and Real World Asset (RWA) token issuance into three categories and strengthening disclosure and governance standards. It explained that instead of enacting new laws, the focus was on strengthening rules related to stablecoins and RWA tokens. Each category is divided into: △fiat-pegged cryptocurrencies △cryptocurrencies that must be distributed through brokers holding a VARA license △and exempt cryptocurrencies with limited functionality.
