Is Crypto Currency a Legal Tender in UAE?
Is Crypto Currency a Legal Tender in UAE?
No. No crypto currencies are legal tender in the United Arab Emirates. But the country does not restrict anyone from buying in online or trading it through recognized platforms. The only legal tender in the UAE is the United Arab Emirates Dirham.
Also Read,
- Read Can we buy or trade crypto currency in the UAE?
- Read What is UAE’s Cryptocurrency?
- See Who is the owner of Dubaicoin?
- See Is Cryptocurrency trading allowed in the UAE?
- Know How to buy cryptocurrency in UAE?
- Know Who controls cryptocurrencies and blockchain in the UAE ?
- Read Is mining cryptocurrency allowed in the UAE?
- Read Is mining software and hardware legal in UAE?
Must Know !!
Can we buy or trade crypto currency in the UAE? Yes. One can buy or crypto currencies in the UAE. The main crypto currency traded in the country is Bitcoin as mostly in other countries. Moreover Ethereum and Doge coins are also traded. Also it is known that a cryptocurrency named Dubaicoin made by Arabchain Technology launched in the UAE. Its also known that it is the first public blockchain based coin in the Arab countries. Is Crypto Currency a Legal Tender in UAE?