X @Wu Blockchain

The UAE’s newly enacted central bank law brings digital assets and DeFi under the traditional banking regulatory framework, requiring all crypto and blockchain firms operating in or from the country to obtain CBUAE authorization. Unauthorized operations can face fines of up to 1 billion dirhams (about $272 million). The law also introduces 60-day licensing decisions, risk-based capital requirements, and a one-year compliance transition period. https://t.co/STcZH0NhU5 ...