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Buy bitcoin & crypto in uae exchanges: Bitcoin & cryptocurrency trading in the uae the united arab emirates doesn't recognize bitcoin as a legal form of tender, but it's not banned either. In simpler terms, the government of the uae doesn't allow bitcoin to be traded in terms of money in the market. However, there is no outright ban on cryptocurrencies. However, the central bank's governor later clarified that the prohibition does not extend to cryptocurrency.
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