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They offer you cryptocurrency trading, forex trading, cfd and binary options under one trading platform. Based on localbitcoins volume and google trends data, bitcoin looks alive and well in dubai. Cryptocurrency or virtual currency, such as bitcoin, is an application of blockchain technology, whereby a limited number of coins or tokens are issued by a company, each having a value recognised. Open an account at a cryptocurrency exchange: Is bitcoin legal in the uae? This is the first in a series of articles considering legal issues relating to bitcoin, cryptocurrencies and blockchain in the uae. Bitcoin & cryptocurrency trading in dubai although the uae government has warned against investing in bitcoin, many in dubai are investing regardless. While the uae doesn't recognize bitcoin as a legal form of tender, there are means to trade them. In the middle of 2019 its own cryptocurrency. Because the free trade zone naturally allows trading and dealing with bitcoin & co. Challenges of online trading in the uae. (the only legal tender in the uae is the uae dirham.) bitcoin, considered the most liquid. There is nothing in the uae law that prohibits a person from lawfully obtaining such digital assets as bitcoin, but there is no regulated regime for businesses to trade in them.
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While the uae warns against it, buying and selling bitcoin is pretty easy there.
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