Dubai on Wednesday issued Virtual Asset Regulation Law to govern this new-age industry which has been growing at an exponential pace...
www.khaleejtimes.com
it says there "
>>Is it illegal to trade virtual assets without VARA’s permission in Dubai?
Yes. It is prohibited for any person in the Emirate to engage in activities without VARA’s authorisation. The person wishing to practice any of the virtual asset activities must establish a presence in Dubai to conduct business."
it would mean it is illegal for randoms residents of UAE to trade crypto (on online platforms as binance etc...) without licence, maybe would require complicated accountancy etc on individuals ?