UAE deems cryptocurrency neither halal nor haram, allowing personal use but limiting commercial regulations.

In the UAE, cryptocurrency's status is "neither halal nor haram" and not recommended by Shariah guidelines. Legally, while personal use and mining are allowed, commercial investments lack specific regulation. Licenses for crypto operations are limited to Dubai International Financial Centre and Abu Dhabi Global Market. Transactions outside these zones are invalid, leading to court cases over financial losses.

3 months ago
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