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Did The UAE Just Ban Bitcoin? No — But What They Did Might Be Even Worse
Bitcoin remains legal in the UAE, but sweeping rules that took effect on Sep. 16 now force licenses on nearly every crypto tool, creating one of the world's toughest self-custody crackdowns. tweet The New Central Bank of the UAE Law expands the regulator's oversight beyond traditional financial firms to include technology providers that facilitate financial activity. Article 62 extends the regulatory perimeter to platforms, protocols, and digital tools that enable or support financial services, even when those services are not offered directly. The framing significantly widens potential liability for companies ... (full story)
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