United Arab Emirates Updates Ban on Bitcoin & Digital Currencies

United Arab Emirates Updates Ban on Bitcoin & Digital Currencies

More and more nations are facing the realization that Bitcoin and the world of decentralized digital currencies are not going anywhere. The United Arab Emirates (UAE) is facing this new reality with an update on their recent ban on the use of digital currencies. Emirates: Virtual Currencies ‘Prohibited’. Many nations run their economic policy through their national central (private) bank, without even the need to get approval from the national government, and this appears to be the case within the UAE. To start 2017, the Central Bank of The United Arab Emirates released this paper....


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