Article (3)
A new article shall be added to the aforementioned Federal Decree-law No. (14) of 2018 under No. (60 bis). Provision of this article shall be as follows:
Article (60 bis)
Digital Currency
- Board of Directors shall issue a resolution to introduce national digital currency into trading and to withdraw the same when its face value is paid. Such resolution shall be published in the Official Gazette and shall be announced to the public in appropriate media.
- The Bank shall not be responsible to refund the value of any digital currency that is missing, stolen or manipulated. The Bank shall not accept any counterfeit currency or pay its consideration.