Bitcoin prices in uae

The Middle East has embraced the digital currency explosion and many governments in the Middle East have begun collaborating with financial companies to issue their own cryptocurrencies. In addition, a slew of cryptocurrency exchanges and companies involved in initial currency offerings (ICOs) have begun all over the Middle East, including in the Emirates.

Specifically, the United Arab Emirates (UAE) has taken interest in cryptocurrencies seriously, and plans by the Securities and Commodities Authority of the UAE began regulating initial coin offerings in the first quarter of 2019.  

Buying Bitcoin in the UAE is easy, but what matters most is the broker or exchange you select. Open an account at a cryptocurrency exchange: It’s the first step to buying Bitcoin in the UAE. You must also get a crypto wallet to store your bitcoins, make purchases and receive gifts.Bitcoin continues to dominate the cryptocurrency market as thebest cryptocurrency because of its popularity, liquidity and acceptance as payment with a growing list of merchants.

Bitcoin’s current market cap of $68.3 billion dwarfs that of all other cryptocurrencies, followed by Ripple’s market cap of only $14.3 billion. Bitcoin has been available in the Emirates since 2014, and with the market for digital currencies growing exponentially in the Middle East, it will likely only increase in popularity.

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