The Legal Framework of Blockchain and Smart Contracts in UAE

Abstract

Blockchain technology and smart contracts are revolutionizing legal and commercial transactions worldwide. These innovations enhance efficiency, automation, and security in contract execution while reducing reliance on intermediaries. However, their adoption presents legal challenges related to enforceability, regulatory oversight, and dispute resolution. This research examines the UAE's legal framework governing blockchain and smart contracts, analysing their recognition under contract and commercial law, as well as the roles of key regulatory UAE authorities, including the Securities and Commodities Authority (“SCA”) and the Virtual Assets Regulatory Authority (“VARA”).