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Despite this, the country is actively working to incorporate blockchain technology as a staple of the economic system. Listing the fund on a middle east exchange will also help in terms of trading times, as bitcoin trades for 24 hours a day, seven days a week, said frederick pye, chairman and ceo of 3iq. The uae and dubai have accepted the blockchain, however, the legal status of bitcoin is still unclear. The united arab emirates doesn't recognize bitcoin as a legal form of tender, but it's not banned either. Posted by 10 days ago. Legal map of bitcoin and other cryptocurrencies. For individuals in dubai, there has recently been a huge demand for bitcoin, and the other way to invest in bitcoin is through an exchange called bitoasis. Getting license for cryptocurrency in dubai requires filing an application to dubai multi commodities centre. With the help of its partners from the. Start bitcoin mining today with investment only or host your machines with us. Is bitcoin mining legal in dubai? Per the report, the fund is expected to be listed in dubai before the end of q2 2021 after it gets approved by dubai financial services authority. We're actually moving our office there from the uk after the summer.
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