Digital Assets Law DIFC Law No. 2 of 2024

PART 1 — GENERAL

Article 1 — Title

This Law may be cited as the Digital Assets Law. 

Article 2 — Legislative authority 

This Law is made by the Ruler. 

Article 3 — Application of this Law 

1. This Law and Regulations made pursuant to Article 16 apply in the jurisdiction of the DIFC. 

2. To the extent that this Law and any such Regulations apply to any person to whom any provision of the DFSA administered Legislation also applies, this Law and such Regulations shall not exempt such person from any requirement applicable to that person under the DFSA administered Legislation. 

Article 4 — Purpose of this Law 

The purpose of this Law is to provide and clarify legal principles applicable to Digital Assets, as defined in Part 2 of this Law. 

Article 5 — Date of enactment

This Law is enacted on the date specified in the Enactment Notice in respect of this Law. 

Article 6 — Commencement 

This Law comes into force on the date specified in the Enactment Notice in respect of this Law.

Article 7 — Schedules

1. Schedule 1 contains: 

a. interpretative provisions which apply to this Law; and 

b. a list of defined terms used in this Law.