The UAE focuses on building real estate, trade and tourism. Their focus is building industries oil rich arabs can rely on should the day come when oil wells run dry.
It makes sense for them to allow/regulate bitcoin. Anything that attracts long term business gels well with their mission plan.
Topic: UAE Bank will not Ban Bitcoin Usage - page 2. (Read 2074 times)
The Central Bank of UAE announced earlier this morning that it will not ban bitcoin as a currency.
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
This is certainly good news for Bitcoin users in the UAE state, and if so the UAE government will support the development of bitcoin in their country
It is a good move by the UAE governent as they are controlling everything when it comes to implementation of rules and regulations and UAE being the hub for international business it is a positive sign for things to come and hope every countries will have a open thought when it comes to bitcoin.
So the oil rich region of the Emirates is the step in the right direction to show the other lesser rich countries (in terms of energy rich) to follow suit and allow bitcoin to evolve into it's own without any interference.
Just let it be and do what it was created to do.
Just let it be and do what it was created to do.
They dont have to ban bitcoin. They just have to regulate the usage of bitcoin. They can regulate it through exchangers. Thats their only way to regulate it. As Russia also declared that they're not gonna ban cryptocurrencies there. We expect a lot of news like this in the future.
Thanks for the tips. How do I move it?
The Central Bank of UAE announced earlier this morning that it will not ban bitcoin as a currency.
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
This is a good move by Central bank of UAE to specifically mention that bitcoin will be excluded from their prohibition of “virtual currencies”.Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
Should encourage other countries to follow the example and I hope this will give more boost to bitcoin price.
Btw legal forum seems not the right place for this thread.Move it to News section.
The Central Bank of UAE announced earlier this morning that it will not ban bitcoin as a currency.
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
Jump to: