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$TRX $TRB $BTC ๐ฆ๐ช UAE Issues Historic Crypto Crackdown โ๏ธ The new Federal-Decree Law No. 6 of 2025 (effective 16 Sept) expands regulation over crypto infrastructure and communication: Article 62: APIs, explorers, decentralized protocols, and even self-custody wallets may need Central Bank licensing. Developers outside UAE can face liability. Article 61: Marketing, websites, tweets, emails about unlicensed crypto services are regulated. Penalties: AED 50,000 โ 500,000,000 (USD $13.6k โ $136M) with potential imprisonment. Free zones no longer exempt: Federal law overrides VARA & ADGM frameworks. Enforcement: Starts in 2026; companies must comply or withdraw. ๐ฅ This law redefines crypto infrastructure as financial services, putting open-source tools and decentralized access under strict federal oversight๐ฅ
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$ETH $HEMI $TRB ๐จ Goldman Sachs and Millennium Management just "landed" on BlackRock's Ethereum ETF (ETHA) in Q3 - Statistics from @zerohedge show that Wall Street sharks are holding ETHA extremely heavily: ๐ Goldman Sachs bought another 17.4 million shares, bringing the total to 42.3 million shares. Becoming the LARGEST holding institution ๐๐ ๐ Millennium Management bought 28.1 million shares, owning a total of 33.9 million shares, ranking second ๐ฅ
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$SOL $XRP $LINK ๐จ๐ช๐บEU to shift crypto supervision to a single regulator across the bloc, replacing the current member-state level oversight.๐
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$TRX $XLM $GIGGLE ๐ฆ๐ชโ๏ธIs This the Biggest UAE Crypto Crackdown in History?โ๏ธ๐๐๏ธ๐ฎโโ๏ธ ๐ฅ The UAE โ long seen as one of the worldโs most innovation-friendly crypto hubs โ has just delivered a regulatory shockwave with Federal-Decree Law No. 6 of 2025, now in force as of 16 September. ๐ฆ๐ช The new framework flips the script on wallets, APIs, explorers, decentralisation โ and even marketing. โจ Article 62: The infrastructure takeover ๐งฉ APIs, explorers & decentralised protocols now fall under Central Bank control. ๐งจ Even self-custody wallets and open-source tools may require licensing. ๐ Developers outside the UAE can still face liability if their software is accessible inside the country. โจ Article 61: Communication becomes a regulated activity ๐ฃ Websites, tweets, articles, emails, or even promotional mentions of unlicensed crypto services count as regulated communication. ๐ A single post reaching a UAE IP could be interpreted as a violation. โ ๏ธ Penalties: AED 50,000 โ AED 500,000,000 โ USD $13,600 โ USD $136,000,000 Severe penalties and potential imprisonment give this law unprecedented enforcement power. ๐๏ธ Dubai & Abu Dhabi free zones no longer shield anyone VARA and ADGM frameworks are effectively secondary; federal law overrides all free-zone arbitrage. Open-source access and decentralised tooling are now treated as regulated financial activity. โณ Enforcement begins in 2026 The UAE gives companies one year to comply โ or withdraw. For many global platforms, โaccess from UAE usersโ may itself be too risky. ๐ Why this matters for the world? Because classifying core crypto infrastructure โ like wallets and explorers โ as financial services effectively rewrites the rules of the internet. Open-source code no longer means open access. This is a turning point โ either toward global regulatory alignment or toward a new era of digital control.#CryptoRegulation
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$TON $BNB The Great Crypto Waiting Game" The SEC building hummed with an almost audible anticipation, a bureaucratic symphony of papers shuffling and lukewarm coffee brewing. Inside, Commissioner Grumblesworth, a man whose smile muscles had atrophied years ago, stared at a particularly stubborn spreadsheet. "Bitcoin Spot ETF," he muttered, adjusting his spectacles. "Ethereum Spot ETF. It's like waiting for a sloth to finish a marathon... backwards." Across the table, Intern Penelope, brimming with the optimism only the truly naive possess, piped up, "But Commissioner, the market is buzzing! Imagine the institutional capital! The retail excitement! It could revolutionize how people invest in crypto!" $ETH Grumblesworth merely snorted. "Revolution? Penelope, the only revolution I see is the amount of paper these applications are generating. We're practically single-handedly keeping the deforestation industry afloat." He gestured vaguely at a stack of documents threatening to topple onto a sleeping security guard. "Every time they resubmit, it's like a crypto-funded lumberjack party in the Amazon." Meanwhile, outside, a gaggle of crypto enthusiasts, distinguishable by their matching "Wen ETF?" t-shirts, chanted rhythmically. A hedge fund manager, lurking nearby, checked his watch for the tenth time. "Any day now," he mumbled, wiping a bead of sweat from his brow, his billions precariously balanced on the whims of Grumblesworth's caffeine levels. The SEC, in its infinite wisdom, continued its meticulous dance, leaving the financial world in a state of perpetually refreshed F5 keys. #ETHBreaksATH
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