1. Any natural or legal person may not engage in the activities of virtual assets service providers or any of the financial activities without a license, registration or registration, as the case may be, from the competent supervisory authorities.
    
2. For the purposes of this Decree-Law, the Executive Regulations shall regulate the obligations of virtual assets service providers.

Imprisonment for no less than (3) three months and a penalty of no less than AED 50,000 (fifty thousand dirham) or any of these two sanctions shall apply to whoever possesses, conceals or performs any operation of funds when there is sufficient evidence or presumption of the illegality of its source.

Upon conviction, the court shall rule for confiscation in accordance with the provisions of Article 26 of this Decree-Law.

Imprisonment for no less than six months and a penalty of no less than AED 200,000 (two hundred thousand dirham) and no more than AED 5,000,000 (five million dirham) or any of these two sanctions shall apply to anyone who violates the provisions of Article (16) bis of this Decree-Law