UAE AML/CFT Executive Regulation

Article 4 — Article (4)

Chapter Two: Financial Institutions, Designated Non-Financial Businesses and Professions, Virtual Asset Service Providers, and Non-Profit Organizations · Part One: Financial Institutions and Designated Non-Financial Businesses and Professions · Division One: Nature of Financial Institutions and Designated Non-Financial Businesses and Professions

Virtual Asset Activities shall include the following activities or operations: 1. Exchange between Virtual Assets and fiat currencies. 2. Exchange between one or more types of Virtual Assets. 3. Transfer of Virtual Assets. 4. Safekeeping or administration of Virtual Assets or instruments enabling control over Virtual Assets. 5. Provision of financial services or activities related to an issuer’s offer or sale of Virtual Assets, or participation therein. 6. Any other activities or operations as may be determined by a resolution issued by the Supervisory Authority, in coordination with the National Committee.

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