[Dubai Releases Latest Guidelines on Token Issuance for RWA and Stablecoins] Odaily Planet Daily News – The Dubai Virtual Assets Regulatory Authority (VARA) has issued detailed guidelines clarifying the structure, disclosure, and distribution standards for token issuers in the emirate. The document provides an interpretation of VARA's existing virtual asset issuance rulebook and categorizes token issuance into three types: the first category covers fiat-referenced virtual assets and asset-referenced virtual assets; the second category must be distributed through intermediaries licensed by VARA; the third category includes functionally restricted exempt virtual assets. VARA's General Counsel, Ruben Bombardi, stated that the framework aims to provide market participants with a more targeted regulatory pathway and legal clarity by enhancing transparency around asset characteristics and risks.