| Term | Definition |
| “Asset-Referenced Virtual Asset” or “ARVA” | has the meaning ascribed to it in Schedule 2 to the VA Issuance Rulebook. |
| “Directive” | has the meaning ascribed to it in the Regulations. |
| “Dubai VA Law” | means Law No. (4) of 2022 Regulating Virtual Assets in the Emirate of Dubai, as may be amended from time to time. |
| “Emirate” | means all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. |
| “Entity” | means any legal entity or individual. |
| “Exempt VAs” | has the meaning ascribed to it in Rule 1.C.1 of the VA Issuance Rulebook. |
| “Fiat-Referenced Virtual Asset” or "FRVA" | has the meaning ascribed to it in Schedule 2 to the VA Issuance Rulebook. |
| “Guidance” | has the meaning ascribed to it in the Regulations. |
| “Guidance on VA Issuance” | means this Guidance on VA Issuance 2026, as may be amended from time to time. |
| “Licence” | has the meaning ascribed to it in the Regulations. |
| “Licensed” | means having a valid Licence. |
| “Licensed Distributor” | means a VASP Licensed by VARA to carry out Broker-Dealer Services. |
| “Non-Transferable Virtual Asset” | has the meaning ascribed to it in Schedule 2 to the VA Issuance Rulebook. |
| “Redeemable Closed-Loop Virtual Asset” | has the meaning ascribed to it in Schedule 2 to the VA Issuance Rulebook. |
| “Regulations” | means the Virtual Assets and Related Activities Regulations 2023, as may be amended from time to time. |
| “Risk Disclosure Statement” | has the meaning ascribed to it in Rule III.C.1 of the VA Issuance Rulebook. |
| “Rule” | has the meaning ascribed to it in the Regulations. |
| “Rulebooks” | has the meaning ascribed to it in the Regulations. |
| “UAE” | means the United Arab Emirates. |
| “VA Activity” | means the activities listed in Schedule 1 of the Regulations, as may be amended from time to time. |
| “VA Issuance Rulebook” | means this Virtual Asset Issuance Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “VA Wallet” | has the meaning ascribed to the term “Virtual Asset Wallet” in the Dubai VA Law. |
| “VARA” | means the Dubai Virtual Assets Regulatory Authority. |
| “VASP” | means an Entity authorised by VARA to conduct VA Activity(ies) in the Emirate as a “Virtual Asset Service Provider”. |
| “Virtual Asset” or “VA” | has the meaning ascribed to it in the Dubai VA Law. |
| “Virtual Tokens” | has the meaning ascribed to it in the Dubai VA Law. |
| “Whitepaper” | has the meaning ascribed to it in Rule III.B.1 of the VA Issuance Rulebook. |