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No technical knowledge or experience required. Dubai is emerging as one of the global leaders in crypto trading. Bitcoin's legal and tax status in dubai although dubai and the uae have clearly embraced blockchain, the legal and tax status of bitcoin is still though each is mining bitcoin legal in uae transaction is recorded foremost, check the project to see whether the coin is bringing in any real. Although the central bank has issued various warnings to uae citizens on the risks of investing in the. Bitcoin mining in dubai and abu dhabi, uae. Made a fake account to see what the other side is like in dubai. Bitcoin is a volatile investment, which comes with significant risks. Based on localbitcoins volume and google trends data, bitcoin looks alive and well in dubai. Is buying bitcoin legal in dubai. They may use bitcoin to buy or sell illegal goods like drugs or weapons. Although bitcoin is not recognized as a legal tender in dubai, still there is no restriction on buying or selling bitcoins. As of 2020, bitcoin and other leading cryptocurrencies like ethereum and ripple are not viewed as legal currency by uae authorities. As far as i understand, cryptocurrencies are legal in dubai and are not taxed under capital gains.
