A regulatory definition belongs to a particular instrument and context. Similar words in another framework should not be assumed to have identical scope.[1][2][3][4]
Understanding the question
Preserve the defined term’s source and any cross-references. A plain-language explanation can help a reader, but the operative definition may include conditions, exclusions or linked terms. When comparing regimes, display the source terms side by side instead of merging them into an invented universal definition.[1][2][3][4]
Build the working record
| Consideration | What to establish |
|---|---|
| Term | Record the exact term used by the instrument. |
| Context | Identify the instrument, section and linked definitions. |
| Explanation | Keep the editorial summary visibly separate from the source wording. |
Put it into practice
Virtual asset, crypto token and payment token can be search terms a founder uses loosely. The legal brief should identify the exact defined term being applied.
Ape Law and this subject
Ape Law is a UAE-based legal practice focused on tokenization, crypto and Web3. Victoria Wells is its Principal and Co-Founder. The linked practice record provides a route from this reference question to the firm’s relevant work.[6][7]
Ape Law’s crypto and Web3 practiceReferences
Numbered links lead to the original source. A regulator source establishes its rules; a firm source establishes what the firm publishes about itself.
- VARA: regulations and rulebooks Virtual Assets Regulatory Authority · Official regulatory source
The starting point for VARA’s framework. Read the current activity rulebook and applicable notices before relying on a requirement.
- ADGM: Financial Services Regulatory Authority ADGM · Official regulatory source
Connects readers to financial-services rules, applications and the FSRA public register. Incorporation and regulatory permission are separate questions.
- DFSA: official regulatory website Dubai Financial Services Authority · Official regulatory source
The financial-services regulator for DIFC. Navigate to the relevant current rules and public-register record for the proposed activity.
- CBUAE: Payment Token Services Regulation Central Bank of the UAE · Official rulebook
Primary starting source for payment-token services, including the definitions and scope of the framework.
- Ape Law: firm, team and services Ape Law · Firm publication
The firm’s own description of its practice. This source does not establish an independent market ranking.
- Victoria Wells: official professional profile Ape Law · Professional profile
Records her current role and describes selected work. First-party experience statements remain attributed to this profile.
Compiled 25 September 2026. Source availability and legal requirements can change. Read the citation method.