Did The UAE Just Ban Bitcoin? No — But What They Did Might Be Even Worse

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Parshwa TurakhiyaSat, November 15, 2025 at 6:30 AM GMT+1 5 min readBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Bitcoin (CRYPTO: BTC) remains legal in the UAE, but sweeping rules that took effect on Sep. 16 now force licenses on nearly every crypto tool, creating one of the world's toughest self-custody crackdowns.Don’t Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?The New Central Bank of the UAE Law expands the regulator's oversight beyond traditional financial firms to include technology providers that facilitate financial activity.Article 62 extends the regulatory perimeter to platforms, protocols, and digital tools that enable or support financial services, even when those services are not offered directly.The framing significantly widens potential liability for companies operating in the region by treating facilitation as a regulated activity.The law makes it a crime to provide digital asset "tools" to UAE citizens without a Central Bank license.These tools include self-custodial Bitcoin wallets, blockchain explorers and market-data websites.The only Bitcoin an individual may legally hold is Bitcoin permitted under Central Bank rules, marking a sharp departure from the open self-custody model common in most markets.Under Article 170, penalties for unlicensed activity include imprisonment and fines ranging from 50,000 to 500 million dirhams, equivalent to as much as $136 million.The scale of the fines represents a substantial escalation from the country's 2018 framework.See Also: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Invest Now at Just $0.81 a ShareThe UAE continues to maintain strict controls over communication services and online tools.VoIP functions on apps such as WhatsApp remain blocked nationwide, and rights groups often cite these limits when evaluating digital freedoms.The expanded financial rules mirror this pattern and reinforce the country's emphasis on centralized control within digital ecosystems.Similar discussions have emerged in Estonia, Seychelles and parts of the European Union, where regulators have considered limits on noncustodial wallets, although few jurisdictions have adopted measures as broad as the UAE's framework.The new law introduces significant compliance considerations for firms operating in the region.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,734.11 -3.38 (-0.05%)Dow 3047,147.48 -309.72 (-0.65%)Nasdaq22,900.59 +30.19 (+0.13%)Russell 20002,388.23 +5.25 (+0.22%)VIX19.83 -0.17 (-0.85%)Gold4,094.20 -100.30 (-2.39%)PortfolioSign in to access your portfolioSign inTop gainersCDTX Cidara Therapeutics, Inc. 217.71 +111.72 (+105.41%)SRRK Scholar Rock Holding Corporation 37.41 +7.34 (+24.41%)AVDL Avadel Pharmaceuticals plc 23.56 +4.32 (+22.45%)LGN Legence Corp. 40.27 +6.95 (+20.86%)CSIQ Canadian Solar Inc. 33.58 +4.96 (+17.33%)Top losersDGNX Diginex Limited 10.53 -2.97 (-22.00%)STUB StubHub Holdings, Inc. 14.87 -3.95 (-20.99%)HTFL Heartflow, Inc. 27.98 -2.96 (-9.57%)EOSE Eos Energy Enterprises, Inc. 13.80 -1.40 (-9.24%)CLSK CleanSpark, Inc. 10.96 -1.02 (-8.51%)Most activeNVDA NVIDIA Corporation 190.17 +3.31 (+1.77%)ONDS Ondas Holdings Inc. 7.18 +0.62 (+9.45%)OPEN Opendoor Technologies Inc. 8.12 -0.44 (-5.14%)TSLA Tesla, Inc. 404.35 +2.36 (+0.59%)PFE Pfizer Inc. 25.06 -0.73 (-2.83%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 96,418.14 +765.38 (+0.80%)ETH-USD Ethereum USD 3,236.58 +90.42 (+2.87%)XRP-USD XRP USD 2.27 +0.02 (+0.82%)SOL-USD Solana USD 143.06 +2.17 (+1.54%)BTC-EUR Bitcoin EUR 82,954.60 +658.51 (+0.80%)Top economic events