阿联酋通过新法规推进金融科技创新

为了确保阿拉伯联合酋长国金融交易的安全并促进创新，阿联酋中央银行（CBUAE）发布了《支付代币服务条例》，管理支付代币的发行、转换、托管和转让。

The Central Bank of the United Arab Emirates (CBUAE) has issued two crucial regulations to govern digital payment services and foster innovation within the financial services sector. These regulations aim to create a secure and efficient framework for digital monetary services while ensuring consumer protection and maintaining financial stability.

阿拉伯联合酋长国中央银行 (CBUAE) 发布了两项重要法规来管理数字支付服务并促进金融服务行业的创新。这些法规旨在为数字货币服务创建安全高效的框架，同时确保消费者保护和维护金融稳定。

The first regulation, titled the Payment Token Services Regulation (PTS regulation), introduces a comprehensive regulatory framework for entities offering payment token services in the UAE. This regulation defines the criteria and conditions under which licenses or registrations are granted to these entities, covering three primary categories: payment token issuance, payment token conversion, and payment token custody and transfer.

第一项法规名为《支付令牌服务法规》（PTS 法规），为在阿联酋提供支付令牌服务的实体引入了全面的监管框架。该法规定义了向这些实体授予许可或注册的标准和条件，涵盖三个主要类别：支付代币发行、支付代币转换以及支付代币托管和转让。

The PTS regulation outlines the objectives of establishing a secure and efficient framework for digital monetary services, fostering innovation, and safeguarding consumer interests. As part of the licensing or registration process, entities seeking to provide payment token services will undergo a rigorous evaluation of their financial health, operational capabilities, and compliance with regulatory standards. Notably, foreign entities interested in operating within the UAE market can apply for registration, subject to specific conditions and supervision by the UAE Central Bank.

PTS 法规概述了建立安全高效的数字货币服务框架、促进创新和维护消费者利益的目标。作为许可或注册过程的一部分，寻求提供支付代币服务的实体将对其财务状况、运营能力和监管标准合规性进行严格评估。值得注意的是，有兴趣在阿联酋市场经营的外国实体可以申请注册，但须遵守特定条件并接受阿联酋中央银行的监督。

A key focus of the PTS regulation is on consumer protection and operational standards. Payment token service providers are required to implement robust risk management practices, ensure the confidentiality of customer data, and maintain adequate capital and liquidity to meet their obligations. Additionally, they must provide clear and transparent information to customers regarding the terms and conditions of their services.

PTS 监管的一个重点是消费者保护和运营标准。支付代币服务提供商必须实施稳健的风险管理实践，确保客户数据的机密性，并保持足够的资本和流动性来履行其义务。此外，他们必须向客户提供有关其服务条款和条件的清晰透明的信息。

Recognizing the pivotal role of technology in digital payment services, the PTS regulation mandates the adoption of effective technology and cybersecurity risk management frameworks by the payment token service providers. Adherence to international best practices is essential to fortify systems against threats and ensure the reliability and security of services offered.

认识到技术在数字支付服务中的关键作用，PTS 法规要求支付代币服务提供商采用有效的技术和网络安全风险管理框架。遵守国际最佳实践对于增强系统抵御威胁并确保所提供服务的可靠性和安全性至关重要。

The CBUAE has instituted rigorous compliance and reporting requirements for payment token service providers. Entities are obligated to comply with anti-money laundering and counter-terrorism financing standards, conduct regular audits, and promptly report significant operational incidents. Non-compliance with these regulations may result in administrative penalties and financial sanctions.

CBUAE 对支付代币服务提供商制定了严格的合规和报告要求。各单位有义务遵守反洗钱、反恐融资标准，定期进行审计，及时报告重大经营事件。不遵守这些规定可能会导致行政处罚和经济制裁。

The second regulation, known as the Sandbox Conditions Regulation (sandbox regulation), establishes a regulatory sandbox environment as a supervisory tool. This sandbox enables participants to test innovative business models, products, and services in the financial services sector within a specified timeframe under appropriate regulatory supervision.

第二项规定称为沙盒条件规定（sandboxregulatory），建立监管沙盒环境作为监管工具。该沙箱使参与者能够在适当的监管监督下，在指定的时间范围内测试金融服务领域的创新商业模式、产品和服务。

The sandbox regulation outlines the eligibility criteria and participation rules for the regulatory sandbox, in addition to the regulatory compliance requirements. It specifies that the sandbox is open to all entities and individuals, including the financial free zone companies, interested in testing licensed financial activities, excluding activities related to (i) taking deposits of all types; (ii) carrying out insurance activities in the UAE; and (iii) acting as principal in financial products that affect the financial position of the person, including but not limited to foreign exchange, financial derivatives, bonds and sukuk, equities, commodities, and any other financial products, as determined by the CBUAE.

除了监管合规要求外，沙盒监管还概述了监管沙盒的资格标准和参与规则。它明确规定，沙箱向所有有兴趣测试许可金融活动的实体和个人开放，包括金融自由区公司，但不包括以下相关活动：(i) 吸收所有类型的存款； (ii) 在阿联酋开展保险活动； (iii) 作为影响个人财务状况的金融产品的委托人，包括但不限于外汇、金融衍生品、债券和伊斯兰债券、股票、商品以及 CBUAE 确定的任何其他金融产品。

The sandbox regulation also stipulates a minimum level of safeguards that participants must fulfill during their time in the regulatory sandbox, aiming to mitigate risks associated with innovative financial technologies in terms of consumer protection and financial system stability. These safeguards include, for example, appropriate mechanisms for handling consumer complaints, compensations, dispute settlements, as well as necessary measures to combat money laundering and terrorist financing in accordance with relevant legislation.

沙盒监管还规定了参与者在监管沙盒期间必须履行的最低保障措施，旨在减轻与创新金融技术在消费者保护和金融体系稳定性方面相关的风险。这些保障措施包括，例如，处理消费者投诉、赔偿、争端解决的适当机制，以及根据相关立法打击洗钱和恐怖主义融资的必要措施。

Regarding the duration of the regulatory sandbox, the testing period ranges between six to 12 months, with the possibility of extension based on an evaluation by the CBUAE for each case. It should be noted that the testing may be discontinued at any time during or after the specified testing period, subject to specific circumstances outlined in the regulation.

关于监管沙盒的持续时间，测试期为6至12个月，根据CBUAE对每个案例的评估，有可能延长。应当指出的是，根据法规中概述的具体情况，在规定的测试期间或之后的任何时间都可以停止测试。

These regulations, issued by the UAE Central Bank, represent pivotal advancements towards fostering innovation and ensuring stability in the digital economy and financial services sector of the UAE. The regulations provide a structured framework that encourages experimentation and growth while safeguarding consumer interests and maintaining the integrity of the financial system.

这些法规由阿联酋中央银行发布，代表了阿联酋数字经济和金融服务业在促进创新和确保稳定方面取得的关键进步。这些法规提供了一个结构化框架，鼓励实验和增长，同时保护消费者利益并维护金融体系的完整性。

By promoting a secure environment for digital payment innovations and establishing clear guidelines for regulatory compliance, the CBUAE is paving the way for sustainable development and enhanced competitiveness in the global digital landscape. These regulatory initiatives underscore the UAE’s commitment to embracing technological advancements and maintaining leadership in the evolving realm of financial technology.

通过促进数字支付创新的安全环境并建立明确的监管合规准则，CBUAE 正在为可持续发展和增强全球数字领域的竞争力铺平道路。这些监管举措强调了阿联酋致力于拥抱技术进步并在不断发展的金融技术领域保持领先地位。