United Arab Emirates: Digital Assets Law
Progress
Current status
in force
08 Mar 2024 in force
01 Mar 2024 adopted
Scope
Implementers
United Arab Emirates
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Implemented Digital Assets Law
On 8 March 2024, the Digital Assets Law was implemented. The law introduces regulations and operating conditions for digital payment providers, including cryptocurrencies. It outlines control and title rules, obligations related to impairment, and t…
SourceEvent type
law
Action type
implementation
Government branch
executive
Government body
central government
Adopted Digital Assets Law
On 1 March 2024, the Digital Assets Law was adopted by the central government of the United Arab Emirates. The law introduces regulations and operating conditions for digital payment providers, including cryptocurrencies. It outlines control and tit…
SourceEvent type
law
Action type
adoption
Government branch
executive
Government body
central government