Article (3): Designation of Means of Payment
2/2024 Effective from 21/8/20241. | The Central Bank may designate a type of Virtual Asset as constituting a Means of Payment. |
2. | The Central Bank may require any Person which, within the UAE or directed at Persons in the UAE, issues Virtual Assets or performs services relating to Virtual Assets, to provide the Central Bank with such information as the Central Bank requires in order to determine whether to designate the Virtual Asset as a Means of Payment. |
3. | For the avoidance of doubt, reference to ‘the UAE’ in this Article (2) excludes the jurisdiction of the Financial Free Zones. |