#CryptoRally

Urgent: The UAE places DeFi under the supervision of the Central Bank

The United Arab Emirates announced a new federal decree that places decentralized finance (DeFi) platforms, decentralized exchanges (DEXs), Web3 projects, bridges, as well as stablecoin issuers under the direct supervision of the Central Bank of the UAE.

This step represents a significant shift in the regulation of the digital assets sector and positions the UAE at the forefront of countries adopting a clear framework for oversight of DeFi projects and decentralized infrastructures.