[UAE's New Financial Law Brings DeFi and Web3 Under Regulatory Scope] According to Cointelegraph, the UAE's Federal Decree No. 6 of 2025 will take effect on September 16, 2025, bringing DeFi and Web3 activities such as payments, lending, trading, and custody under the supervision of the central bank, ending the 'pure code' immunity defense. Those engaging in related activities without a license may face fines of up to 1 billion dirhams (approximately $272 million). While the law does not prohibit self-custody wallets, services involving functions such as payments must also be assessed for compliance with licensing requirements. Companies must complete compliance adjustments by September 2026.