UAE’s new financial law pulls DeFi and Web3 into regulatory scope

Federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the “just code” defense and imposing penalties up to $272 million.
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Federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the “just code” defense and imposing penalties up to $272 million.