The United Arab Emirates is working hard to be an epicentre of cryptocurrency.
Tech hubs Dubai and Abu Dhabi are welcoming crypto passing new regulations to help crypto exchanges
Bitcoin (BTC), a leading cryptocurrency with a market cap of $1.1 trillion, has been available in the UAE since 2014, and its popularity increases daily.
The Securities and Commodities Authority (SCA) monitors Bitcoin’s activity and regulation in the UAE.
Dubai does not consider Bitcoin legal tender but no restrictions on buying, selling and holding of Bitcoin is legal in UAE.
Although the UAE government has warned against investing in Bitcoin, many in Dubai are investing regardless
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