UAE authorities have yet to issue formal guidance on the whether they view bitcoin as a currency or a commodity but it is arguable that the new Regulations while not prohibiting bitcoin outright do operate to prohibit the use of bitcoin as a form of currency in the UAE for payments or money remittances and by default the only use case of bitcoin that is not currently prohibited under UAE law is trading bitcoin as a commodity. Escrow services are available through banks in United Arab Emirates.
Daily The United Arab Emirates Need To Keep Up With Crypto To Support The Local Blockchain Industry Blockchain Market Environment Australia
MinerAE facilitates individual and institutional investments on trades in Bitcoin and other crypto currencies.
Is bitcoin mining legal uae. This position may change as noted above the UAE.
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