# Regulations Our aim is to comply with all local jurisdictions. However, regulations are gradually being put in place, with notable differences between geographical areas. Our primary markets are Europe and the Emirates. Europe, with its Régime Pilote, does not offer an adequate framework for security tokens, which does not make it a priority area. The fact that RWA's second markets are licensed in the Emirates, as well as potential galloping partners, prompted us to locate the project in Dubai in order to obtain the VARA licenses. To address the European market, MICA approval will be mandatory from December 2024. As POD also offers utility tokens, we will be starting the approval process by the end of the year. Anticipating a backlog of applications for the European passport, we applied for approval from the Lithuanian authorities. This approval allows us to carry out crypto-related activities in Lithuania, and is tolerated in Europe while we obtain MICA approvals. We will continue to obtain other licenses in line with the regulations in place in the rest of the world. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://partofdream.gitbook.io/whitepaper-pod/regulations.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.