🚨 Dubai's VARA Clarifies Real-World Asset Tokenization Rules 🚨
Dubai's Virtual Assets Regulatory Authority (VARA) has released updated guidelines, providing clear regulations for the issuance and secondary trading of real-world asset (RWA) tokens.
Key Highlights:
· The new rules define Asset-Referenced Virtual Assets (ARVAs) as tokens representing ownership of real-world assets, such as real estate or commodities.
· Issuers must obtain a Category 1 Virtual Asset Issuance license, submit a comprehensive white paper, and maintain a paid-up capital of at least 1.5 million UAE dirhams (~$408,000) or 2% of reserve assets held.
· Monthly independent audits and ongoing supervisory oversight are mandatory for compliance.
These regulations aim to transform RWA tokenization from a theoretical concept into a regulated financial reality in Dubai.
POLL: Will Dubai's regulatory clarity accelerate global adoption of RWA tokenization?
· ✅ Yes, it's a significant step forward
· ❌ No, challenges remain
· 🤔 Unsure, need more information
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