When did Dubai start regulating cryptocurrencies?

Dubai, a global hub for financial innovation, has long been at the forefront of cryptocurrency adoption. But one lingering question remains: When did Dubai actually begin regulating this emerging asset class? As cryptocurrencies like Bitcoin and Ethereum gain increasing popularity, it's crucial to understand the regulatory framework that governs their use in Dubai. Did Dubai adopt a proactive approach to regulation from the onset, or did it wait until the market matured? Did it introduce specific laws or simply apply existing financial regulations? Clarifying Dubai's timeline of cryptocurrency regulation is key to understanding the city's approach to this rapidly evolving field.