UAE’s new financial law brings crypto and blockchain into traditional finance and under Central Bank’s supervision, aiming to position the country as a global financial innovation hub. The law requires all crypto and blockchain organizations operating in or from the UAE to be licensed by the CBUAE, with fines for unlicensed operations reaching up to 1 billion dinars ($272 million).New regulations include faster licensing decisions, risk-based capital rules, and enhanced Shari’ah governance, promoting innovation and compliance in the digital asset space.