VARA Token Classification Framework UAE 2025

{ "body": "VARA recognizes exchange tokens used as means of payment, utility tokens providing access to products or services, and security tokens representing investment interests. Each category triggers different licensing and ongoing compliance obligations.", "heading": "VARA Token Categories" }

{ "body": "Projects must submit a classification application to VARA with supporting documentation including the whitepaper, tokenomics model, and legal opinion. VARA will issue a determination that binds the regulatory treatment of the token.", "heading": "Classification Process" }

{ "body": "Exchange tokens require a full VASP license. Utility tokens may qualify for lighter-touch treatment if genuinely consumptive. Security tokens trigger the full securities regulatory framework under SCA in addition to VARA oversight.", "heading": "Compliance Implications by Category" }