Is it legal to buy crypto in Dubai? Although the UAE regulation recognises Bitcoin as Illegal, the government allows citizens to buy and trade Bitcoin staying in UAE. This means that citizens can buy, sell, and hold BTC, but they are not allowed to buy anything with this currency.
Are cryptocurrency legal in UAE? Any natural person or legal entity offering virtual asset services can only do so if it is (1) granted a license from VARA, (2) operating in the Emirate of Dubai, and (3) has a trade license from the relevant commercial authority in Emirate of Dubai.
Is crypto tax free in Dubai? As we’ve mentioned, in Dubai there’s no Personal Income Tax or law regulating it, and cryptocurrencies are exempt from taxation in its free zones since September 2021.
Is Binance legal in Dubai? It’s the second city Binance has secured approval from — the company received a crypto license in Dubai last month. The move also comes after Binance was authorized in Bahrain by the country’s central bank.