迪拜正式將現實世界中的資產令牌合法化

該市的虛擬資產監管機構（VARA）發布了更新的規則，現在正式允許在二級市場上發行和列出RWA代幣

Dubai's Virtual Asset Regulatory Authority (ARVA) has been busy. The crypto regulator today announced Version 2.0 of its Rulebooks, tightening rules on margin trading, token distribution, and collateral wallet arrangements. Firms operating in the Web3 hub have until June 19 to comply with the new additions.

迪拜的虛擬資產監管機構（ARVA）一直很忙。加密監管機構今天宣布了其規則手冊2.0版，收緊了有關保證金交易，代幣分配和抵押錢包安排的規則。在Web3中心運行的公司必須在6月19日之前遵守新添加。

The updates to ARVA's capital market and broader crypto licensing regime come as the regulator prepares to introduce a new generation of crypto exchange licenses later this year.

隨著監管機構準備在今年晚些時候引入新一代的加密交易所許可證，ARVA資本市場和更廣泛的加密許可製度的最新消息是。

The changes also follow a series of reports from CC Chain highlighting the growing interest in real-world asset (RWA) tokenization in Dubai.

這些變化還遵循CC鏈的一系列報告，強調了迪拜對現實世界中的興趣的日益增長的興趣。

Earlier this year, ARVA unveiled plans to allow issuers to mint and institutions to trade RWA tokens in a move that could finally bring the long-hyped tokenization narrative to fruition.

今年早些時候，Arva宣布了允許發行人造幣廠和機構來交易RWA代幣的計劃，以最終將長期大肆宣傳的令牌化敘述帶入成果。

Now, the regulator has confirmed that it has updated its Virtual Asset Issuance Rulebook to officially permit the issuance and listing of RWA tokens, commonly known as Asset-Referenced Virtual Assets (ARVA).

現在，監管機構已確認已更新其虛擬資產發行規則手冊，以正式允許發行和列表RWA令牌，通常稱為資產引用的虛擬資產（ARVA）。

The new rules, which come into effect on May 19, also place strict demands on issuers who want to launch ARVA tokens in Dubai.

新規定將於5月19日生效，還對想要在迪拜推出Arva代幣的發行人提出了嚴格的要求。

To obtain a Category 1 license from ARVA, which is required for token issuers, firms will need to prepare a comprehensive white paper, publish a risk disclosure statement, and meet capital requirements of either 1.5 million AED (about $408,000) or 2% of the total reserve assets.

要從ARVA獲得1類許可（代幣發行人所需的），公司將需要準備一份全面的白皮書，發布風險披露聲明，並滿足150萬AED的資本要求（約408,000美元）或儲備金總資產的2％。

Issuers will also be subject to monthly independent audits and continuous regulatory supervision.

發行人還將受到每月獨立審計和持續監管監督的約束。

"This is a key development as it brings the issuing of real-world asset tokens and their listing on secondary markets, which is covered by ARVA's Exchange Rulebook, one step closer to becoming a regulatory reality in Dubai and the broader UAE market," said crypto lawyer Irina Heaver, who is based in the UAE.

Crypto Lawyer Irina Heaver說：“這是一個關鍵發展，因為它帶來了現實世界中的資產令牌及其在二級市場上的上市，該市場已被Arva的Exchange Rulebook涵蓋，這是在迪拜和更廣泛的阿聯酋市場中成為監管現實的一步。”

"We can now officially say that issuers and platforms will need to comply fully with these changes by June 19, while the Exchange services will be granted at a later stage this year."

“我們現在可以正式說，發行人和平台將需要在6月19日之前完全遵守這些更改，而交換服務將在今年的稍後階段授予。”

Compared to previous attempts to introduce security token offerings (STOs) in 2018–2019, which failed due to a lack of clear regulation and trading infrastructure, Dubai is now addressing these issues.

與以前在2018 - 2019年引入安全令牌產品（STOS）的嘗試相比，由於缺乏明確的法規和交易基礎設施，迪拜目前正在解決這些問題。

"It is also interesting to note that in other jurisdictions like Switzerland, there is still an open question about secondary trading of tokens even though the primary issuance is covered," added Heaver.

Heaver補充說：“還有趣的是，在瑞士等其他司法管轄區，即使涵蓋了主要發行，也有一個關於代幣的二級交易的疑問。”

"But in Dubai, both issuance and secondary trading will be permitted and regulated, setting the scene for a vibrant and compliant token market ecosystem."

“但是在迪拜，將允許和監管發行和次要交易，為充滿活力且合規的代幣市場生態系統設定現場。”