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Several UAE Banks Banned Online Trading on Virtual Currencies

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  • George Shnurenko
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    To protect their customers from unsecured transactions, some international banks in the UAE have banned online trading with the digital cryptocurrencies

Several UAE Banks Banned Online Trading on Virtual Currencies
Cover image via u.today

To protect their customers from unsecured transactions, some international banks in the UAE have banned online trading with cryptocurrencies. However, transactions through brokerage companies with a license connected to foreign markets or funds including Bitcoin or Ethereum are still available.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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