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It comes as the sector attracts increased attention from investors and regulators after a year. Dubai does not consider bitcoin legal tender, but is bitcoin legal in uae there aren't restrictions on buying or selling either. Bitcoin's legal and tax status in dubai although dubai and the uae have clearly embraced blockchain, the legal and tax status of bitcoin in dubai is still somewhat unclear. While the uae warns against it, buying and selling bitcoin is pretty easy there. However, some countries have declared bitcoin as illegal.
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However, there is no outright ban on cryptocurrencies.
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