What UAE Central Bank Payment Token Services Regulation 2024, PTSR - Stablecoin Issuance, Conversion, Custody, and Transfer Licensing requires
Entities providing Payment Token Services in or from the United Arab Emirates must obtain the relevant Central Bank of the UAE licence or registration under the Payment Token Services Regulation (issued 7 June 2024, effective 6 July 2024, one-year transitional period ended in June 2026), with Dirham Payment Token issuers requiring a full Issuer Licence, conversion providers requiring a Conversion Provider Licence, custody and transfer services requiring a Custodian and Transferor Licence, and Foreign Payment Tokens requiring registration with CBUAE, and with every Payment Token Issuer required to produce an audited white paper, submit it to CBUAE for acceptance, and publish it at least seven days before making the token available for sale or transfer to persons in the UAE.
Pillar: Crypto & Sovereign Finance · Authority: Central Bank of the United Arab Emirates (CBUAE) · Version: 1.0.0 · Last updated:
Primary source: https://rulebook.centralbank.ae/en/rulebook/payment-token-services-regulation
SHA-256 integrity: a94abb552de64b4726bfd6d96641e43a3f25a81c8746e30803cde32b646d6a75
Primary Citations — 7 traced to source
- Payment Token Services Regulation issued by the Central Bank of the UAE on 7 June 2024, came into effect on 6 July 2024.
- Payment Token Services comprise three categories: Payment Token Issuance, Payment Token Conversion, and Payment Token Custody and Transfer. A Payment Token is defined as a virtual asset that maintains a stable value by referencing a fiat currency, including stablecoins pegged to the UAE Dirham (AED) or foreign currencies such as the US Dollar (USD).
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- Discovery (free): /api/v1/nodes/ae-cbuae-payment-token-services-regulation-2024.json — 6-field metadata
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