UAE and Bitcoin: Debunking Another Myth

GweiTooHigh · 2025-11-28T10:11:23+00:00

Recent news about a complete Bitcoin ban in the UAE was exaggerated. New regulations from the Central Bank don’t prohibit individuals from trading or holding Bitcoin but require crypto services to obtain licenses. Market reactions were negative, with Bitcoin dropping below $100K.

GweiTooHigh

2025-11-28 10:11:23

Abstract generation in progress

Very often, news about cryptocurrencies spreads faster than the facts. This is exactly what happened yesterday with the report of a comprehensive ban on Bitcoin in the United Arab Emirates.

What has really changed?

The new regulation of the Central Bank of the UAE ( dated September 16, 2025 ) indeed introduces stricter rules, but it is not the same as a ban on Bitcoin for ordinary people.

Here is the difference:

Prohibited: Crypto services are not allowed to offer services without a license ( this applies to exchanges, wallets, blockchain explorers )
Allowed: Ordinary people freely buy, store, and trade Bitcoin

Who missed the detailed reading?

Trader Mikko Ohtamaa announced a complete ban, but the community quickly pointed out the inaccuracy. Cryptocurrency companies simply need to obtain a license — this is regulation, not a ban.

The market reacted painfully

As rumors spread, BTC fell below the psychological mark of $100K:

Price: $95,868 (-6.92% in 24 hours)
Liquidated: $658 million
Exit from Bitcoin ETF: $870 million in one day

Conclusion: Dubai remains a crypto filter, not a crypto ban. Regulation is normal, panic is not.

BTC0,55%

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