UAE Central Bank and Financial Institutions Decree-Law

Article 58 — Article (58) Currency in Digital Form

Part Two: Currency · Chapter Two: Currency Circulation and Withdrawal

1. The Board of Directors shall issue a decision regulating the Currency in digital form to be put in circulation and redeemed in exchange for payment of its full nominal value, such decision may prescribe the method of legal transfer of Currency in digital form and shall be published in the Official Gazette and broadcasted to the public through appropriate media. 2. The Central Bank shall be under no obligation to refund the value of any Currency in digital form that is lost, seized or tampered with, or to accept or pay for any counterfeit currency.

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