Without prejudice to any provision contained in the Central Bank Law: 1. The Authority shall regulate the trading of Virtual Assets, and the financial activities, services, and functions associated therewith, and shall determine the procedures for the registration of a Virtual Asset and the cases for cancellation of such registration, in accordance with the legislation in force in the State. 2. Trading in any Virtual Asset within the State shall be prohibited unless it is admitted to the official list of Virtual Assets maintained by the licensed Virtual Asset Platform Operator and the Virtual Asset is registered with the Authority. 3. The Authority shall exercise oversight and supervision over Virtual Asset activities transactions, and trading within the State and in the Free Zone.
Interpretation and application must be checked against the official text and current version.