Key Notes

It was earlier reported that UAE has banned Bitcoin trading in its region.

Authorities clarified that crypto issuers only need the proper license to offer Bitcoin and other crypto services.

Bitcoin price is currently around $95,000.

The United Arab Emirates was earlier accused of placing a ban on the use of Bitcoin BTC $94 654 24h volatility: 7.7% Market cap: $1.89 T Vol. 24h: $125.94 B in its region.

Co-founder of Trading Protocol, Millom Ohtamaa, announced the ban on X, citing that it is bad news for “all crypto habibis in Dubai.” However, detailed examination of the facts shows that this news may actually be false.

UNITED ARAB EMIRATES BANS BITCOIN

I have bad news for all crypto habibis in Dubai, it's real.

The New Central Bank of the UAE

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