A Person that intends to provide Payment Token Services shall as appropriate apply for one or more of the following categories of License:
a)
Dirham Payment Token Issuer;
b)
Payment Token Custodian and Transferor; and
c)
Payment Token Conversion.
2.
A Person not incorporated and located in the UAE may apply for a Foreign Payment Token Issuer Registration. For the avoidance of doubt, this includes a Person located in a Financial Free Zone.