Regulatory Alerts2022-01-01
Law No. 41 of 2022 Concerning the National Payments
The Palestinian Monetary Authority issued Legislative Decree No. 41 of 2022 to regulate the national payment system, electronic transactions, and emerging financial technologies. The decree mandates licensing for payment services, financial technology, and virtual asset providers while establishing strict supervision, collateral requirements, and anti-money laundering compliance. It further defines the legal validity of electronic signatures and records, sets fee structures, and imposes penalties for non-compliance or unlicensed activities.
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