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According to the regulator, the use of digital currencies would cause irreparable damage and transaction risks.
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Beyond, is bitcoin banned in uae? Some people use bitcoin network for making illegal transactions. The uae's central bank isn't banning bitcoin. You can also explore the bitcoin wiki It follows falls in bitcoin of more than 10% last week after tesla said it would no longer accept the currency.
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On january 1, 2017, the central bank of the united arab emirates (uae) published a new framework covering digital payments in the country.
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