Best way to learning about blockchain & crypto knowledge for free here 16 questions
Could you please clarify the legality of cryptocurrency in the United Arab Emirates? Specifically, I understand that bitcoin trading is considered legal in Dubai and is regulated by the Dubai Multi Commodities Centre (DMCC). However, does this mean that all cryptocurrencies are legal in Dubai, or is it solely bitcoin? Also, is it mandatory for individuals or businesses to obtain a license from the DMCC in order to engage in legal bitcoin trading within the emirate? Would it be possible to trade cryptocurrencies without such a license, and if so, what are the potential consequences? Additionally, are there any specific restrictions or regulations that traders need to be aware of when dealing with cryptocurrencies in Dubai? Thank you for your assistance in clarifying these matters.
Get the BTCC app to start your crypto journey
Get started today Scan to join our 100M+ users