Part II – Issuing Virtual Assets
A. Issuance Rules
1. General requirement. Any Entity in the Emirate that issues a Virtual Asset in the course of a business, must comply with the VA Issuance Rulebook, as may be amended from time to time.
B. Power to Classify Virtual Assets
1. VARA may, in its sole and absolute discretion, classify, or otherwise provide clarification or opinion, by public notice either generally or in a specific case, on—
a. any Virtual Asset, or type of Virtual Asset, as being prohibited in the Emirate; b. any Virtual Asset, or type of Virtual Asset, as being regulated by the CBUAE; or c. VARA’s interpretation, classification or regulatory treatment of any Virtual Asset or type of Virtual Asset.
C. Prohibited Virtual Assets
1. The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate.