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Cryptocurrency laws and regulations in uae. The united kingdom does not recognize cryptocurrencies as legal tender but allows the trading of digital assets. Laws of uae regulating cryptocurrency. They are purchased via coin exchanges or licensed. The united arab emirates doesn't recognize bitcoin as a legal form of tender, but it's not banned either.
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Uae government still prohibits the use of cryptocurrency as a payment method.
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Several local cryptocurrency exchanges offer bitcoins.
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