The UAE has officially issued the 'Federal Decree-Law No. 6 of 2025,' marking the first time DeFi, Web3, stablecoin protocols, DEXs, cross-chain bridges, and more are brought under central bank regulation. 'It's just a piece of code' will no longer be considered a valid excuse. The new regulations take effect in September 2025, requiring projects involved in payments, custody, lending, investments, and other activities to obtain compliance licenses by September 2026. Failure to comply could result in fines of up to 1 billion dirhams (approximately $272 million) and criminal penalties. The law does not ban self-custody wallets, but if wallet service providers offer regulated functions like payments or transfers to UAE users, they will need to apply for a license. (Cointelegraph) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52439