The UAE recently announced a new central bank law that integrates digital assets and DeFi into the traditional banking regulatory framework. It requires all crypto and blockchain entities operating within the UAE or conducting business from the UAE to obtain a license from the CBUAE. Unauthorized operations could face fines of up to 1 billion dirhams (approximately $272 million). The law also sets a 60-day licensing decision period, risk-based capital rules, and a one-year compliance transition period. (CoinDesk) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52533