Virtual Assets Regulatory Authority
Guidance on the Virtual Asset Issuance Rulebook (Asset-Referenced Virtual Assets)
VARA published non-binding guidance interpreting the Virtual Asset Issuance Rulebook for Asset-Referenced Virtual Assets (ARVAs), distinguishing direct-ownership ARVAs (no reserve requirement) from stable-value ARVAs (full reserve regime) and requiring issuers to obtain a five-part legal opinion; it also flags potential dual-regulation with the UAE Securities and Commodities Authority for tokenised securities.
What firms should do
Yes - issuers of ARVAs must classify token type and obtain the required legal opinion package
- Regulator
- Virtual Assets Regulatory Authority
- Type
- Guidance
- Status
- Final/In Force
- Published
- 9 Apr 2026
- Topic
- Company/Licensing
- Impact
- High
Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.
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