Dubai clarifies token issuance rules for RWAs and stablecoins

Dubai's regulatory authority has issued clear guidelines regarding the issuance of tokens linked to real-world assets (RWAs) and stablecoins. The new rules aim to enhance transparency and security in the crypto market, ensuring that these tokens comply with existing financial regulations. Issuers of RWAs must provide detailed information about the underlying assets and adhere to strict governance standards. Additionally, stablecoin issuers are required to maintain sufficient reserves and undergo regular audits to ensure stability and trustworthiness. This move is part of Dubai's broader strategy to position itself as a leading hub for digital assets.

Read the full article: Coin Telegraph