UAE Central Bank and Financial Institutions Decree-Law
UAE Central Bank and Financial Institutions Decree-Law — Article 156 — Article (156) Retail and Wholesale Payment Operations and Related Digital Services
Part Four: Financial Market Infrastructures · Chapter One: Funds Transfer, Settlement of Securities, and Trade Repositories
The Central Bank shall solely:
1. Have the authority to issue regulations, rules, and procedures relating to digital banking operations, digital money, payment tokenization, stored value facilities, and shall regulate wholesale and Retail Payment Systems, including cross-border payment systems, and related digital banking and financial services.
2. Take all measures and procedures it deems appropriate to mitigate risks to the State’s financial and economic systems associated with operations and systems referred to in item (1) of this article.
Interpretation and application must be checked against the official text and current version.
