X @Wu Blockchain

Regulatory Framework - UAE central bank law brings digital assets and DeFi under traditional banking regulation [1] - All crypto and blockchain firms operating in or from the UAE must obtain CBUAE authorization [1] - Unauthorized operations can face fines up to 1 billion dirhams (approximately $272 million) [1] - The law introduces 60-day licensing decisions and risk-based capital requirements [1] - A one-year compliance transition period is provided [1]