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How to Buy Bitcoin in UAE (3 Simple Steps) | BitOasis Blog from blog.bitoasis.net Bitcoin trading is legal in the uae, and you should choose an authorized dealer. Cryptocurrency like bitcoin is illegal in many countries around the world. Bitcoin mining refers to the process of adding transaction records to the public ledger. Nevertheless, some countries have actually banned them or their use. As bitcoin rates are growing in the current age and people want to do btc business so that they can earn a lot it is clearly answered that btc is not considered as a legal currency in uae due to some reason. You have to take many steps to start trading including opening an account at an exchange and getting a crypto wallet. In addition to the countries where btc is banned, there are also countries where bitcoin is somewhat restricted and cannot be traded or used for. 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 for this reason, is bitcoin illegal in dubai?
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