UAE is among one of the advanced and richest countries in the World. Having their monopoly on Oil Reserves, UAE always focus on technological developments and innovations. Modernisation is of the core objectives of their economies and they always welcome new technology.
That's why UAE didn't ban cryptocurrency trading or use in their country rather they welcomed many crypto exchanges. Bitex, a crypto exchange, has recently got launched in UAE providing all the crypto trading related services to their users.
As per the source, Monark Modi, the CEO of Bitex UAE explained:
"The exchange will provide multiple payment options including bank transfer and credit or debit cards. The cash deposit service allows users to schedule a cash pickup, with funds immediately deposited in their accounts and available for trading within 24 hours".
UAE residents have been calling out for more options to securely buy and sell digital currencies … while residents have been able to use international trading platforms for some time, having access to a local exchange is far more convenient. Trading via a UAE-based company allows customers to easily deposit local currency rather than first having to exchange it for a more widely-accepted currency.
Now the UAE residents can have their hands on cryptocurrencies and they will have various payment methods support to buy or sell their cryptocurrencies, thanks to Bitex crypto exchange.
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