This week, the UAE authorities focused on regulatory reforms in the financial sector (including digital currency), taxation, engineering consulting and healthcare.
On October 8, Federal Decree-Law No. 6 of 2025 Regarding the Central Bank, Regulation of Financial Institutions and Activities, and Insurance Business came into force. According to it:
- The Central Bank's "digital currency" is introduced (the rules for its launch and circulation will be determined by the Central Bank Council).
- Any services based on emerging tech (VA payments, DeFi, dApps, infrastructure) are subject to Central Bank licensing.
- The list of licensed activities has been expanded to include deposits, lending, exchange/transfers, open finance, digital currency, payments including virtual assets, prop trading (FX/derivatives/debt/equities/commodities), insurance/reinsurance and related areas (including Islamic Takaful insurance).
Dubai Official Gazette No. 741 contains Law No. 14/2025 Regulating the practice of engineering consulting activities in the Emirate of Dubai. These activities cover all areas of engineering, including architectural, civil, elec...