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Bitcoin is universally accepted and works for the. Regulation prohibits financial firms holding or trading cryptocurrencies.: What you need to know about cryptocurrencies in uae news khaleej times : Cryptocurrencies have no underlying commodity or tangible asset. Bitcoin trading is legal in the uae, and you should choose an authorized dealer.
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While uae doesn't recognize it legally, there are ways one can buy, sell, or trade bitcoin in uae.
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