On Nov. 25, 2025, the United Arab Emirates issued Federal Decree No. 6 of 2025, bringing decentralized finance (DeFi) and Web3 activities under the supervision of the UAE Central Bank. The regulation mandates licenses for crypto payment services and digital stored value offerings. Enforcement begins September 16, 2025, with a compliance deadline of September 2026. Non-licensed operators may face fines up to 1 billion dirhams ($2.72 billion).