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The united arab emirates or uae is the pioneer of the blockchain initiative within its own government and is home to many bitcoin atms. The dubai multi commodities centre (dmcc) is a government entity established in 2002 to enhance commodity trade flows through dubai. To sum up, bitcoin is legal in the usa, however, there is no clarification about the legalization of other cryptocurrencies. The legal status of bitcoin in the united arab emirates. The united arab emirates doesn't recognize bitcoin as a legal form of tender, but it's not banned either.
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Again, for traders, bitcoin is quite an asset because the price volatility creates the difference in price that traders need to buy/sell an asset. Moreover, there aren't such restrictions or buying bitcoin in uae is easy but the thing that matters the most is the broker or exchange site you select. The process requires a cryptocurrency exchange which allows people in uae to open accounts and trade using them. Buying bitcoin in uae is easier than you think! Bitoasis is a leading digital currency exchange that supports bitcoin trading in uae and dubai.
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