Legality of Crypto Payments in the UAE: What You Need to Know
The United Arab Emirates (UAE) has been increasingly venturing into blockchain and cryptocurrency technologies over the past decade. With a cryptocurrency market capitalization exceeding $1 trillion, the UAE is positioning itself as a leader in crypto adoption. In contrast, many Western countries, including the U.S., are slower to establish effective regulations for cryptocurrency trading. This scenario creates a prime opportunity for progressive cities like Abu Dhabi and Dubai to develop a robust blockchain infrastructure.