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Everything you need to know about Bitcoins | GulfNews.com

Bank Deposit: US - 1.49%, US Wire Transfer - $10

Bank Withdrawal: US - 1.49%, EUR/UK - 0.15 euros

9 How to choose a good broker?

Consider buying Bitcoin in your home country. Otherwise know where your operator is based as rules and regulations may differ from country to country. Exchanges that are fully transparent will publish audit information on how to verify their Bitcoin reserves. Bitcoin...

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7 ways to transfer money | GulfNews.com

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1. Cash to cash

The payment receipt will have a...

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7 things to know about Bitcoin | GulfNews.com

Bitcoin is a virtual currency created from computer code. Unlike a real-world unit such as the US dollar or euro, it has no central bank and is not backed by any government.

Instead, Bitcoin's community of users control and regulate it. Advocates say this makes it an efficient alternative to traditional currencies because it is not subject to the whims of a state that may devalue its money to...

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Confusion reigns on bitcoin trade in UAE | GulfNews.com

Bitcoin retreats as another offshoot appears

He defined a virtual currency as "any type of digital unit used as a medium of exchange, a unit of account, or a form of stored value."

"In this context, these regulations do not apply to bitcoin or other cryptocurrencies, currency exchanges, or underlying technology such as blockchain," he told Gulf News in January.

And that's where some of confusion...

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Related topics : virtual currency exchange bitcoin / using bitcoin for currency exchange / digital virtual currency and bitcoins / bitcoin digital currency exchange / bitcoin virtual currency project

UAE Central Bank clarifies virtual currency ban | GulfNews.com

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Dubai: The Central Bank of the UAE has clarified regulations released on January 1, 2017, stating they do not outlaw virtual currencies such as BitCoin.

In a statement to Gulf News clarifying the regulation, Mubarak Rashid Khamis Al Mansouri, Governor of the Central Bank, said: "these regulations do not cover 'virtual currency', which is defined as any type of digital unit used as a medium...

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Related topics : virtual currency exchange bitcoin / virtual currency like bitcoin / digital virtual currency and bitcoins / virtual currency bitcoin / virtual currency exchange business