Progress

Current status
in force
11 Mar 2022 in force
28 Feb 2022 adopted

Scope

Implementers
United Arab Emirates
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national

Timeline of events

11 Mar 2022
in force

Dubai Virtual Assets Law including authorisation requirements enters into force

On 11 March 2022, the Dubai Law No. 4 of 2022 on the Regulation of Virtual Assets in the Emirate of Dubai (Virtual Assets Law) was published in the Official Gazette of the Government of Dubai and came into force. The Virtual Assets Law governs activ…

Source
Event type law
Action type implementation
Government branch executive
Government body central government
28 Feb 2022
adopted

Adopted Dubai Virtual Assets Law including authorisation requirements

On 28 February 2022, the Dubai Law No. 4 of 2022 on the Regulation of Virtual Assets in the Emirate of Dubai (Virtual Assets Law) was adopted. The Virtual Assets Law governs activities involving virtual assets and related services throughout the Emi…

Source
Event type law
Action type adoption
Government branch executive
Government body central government