UAE Federal Law No. 6/2025 Mandates Central Bank Licensing for Cryptocurrency Wallets and Infrastructure
The UAE's Federal-Decree Law No. 6 of 2025 took effect on 16 September, requiring Central Bank licensing for cryptocurrency infrastructure including wallets, APIs, and blockchain explorers. Article 62 subjects digital asset tools to regulatory oversight, while Article 61 extends compliance requirements to marketing and online communications about crypto services. Non-compliance penalties range from AED 50,000 to AED 500,000,000, with potential imprisonment.