Is crypto legal in Dubai?｜Is Cryptocurrency Legal in Dubai? . However, there are no prohibitions against crypto assets and they can be traded on crypto exchange platforms. UAE citizens can own cryptocurrencies, and deposit and trade them.The Central Bank of UAE* has not licensed cryptocurrencies or recognized them as legal tenders

Is cryptocurrency legal in Dubai? This question has been on the minds of many investors and enthusiasts alike. Dubai, a global hub for finance and technology, has a unique position regarding digital assets. While it's true that the Central Bank of UAE hasn't licensed cryptocurrencies or recognized them as legal tenders, there are no outright prohibitions against crypto assets. This means that UAE citizens are free to own, deposit, and trade cryptocurrencies on various crypto exchange platforms. However, the lack of official recognition does bring some uncertainty and caution is always advised when dealing with any unregulated market. So, while crypto isn't officially legal in Dubai, it's also not illegal, creating a gray area that investors need to navigate carefully.