BlockchainEmpiress
Sat Jun 08 2024
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7 answers
1744
What is the rate of cryptocurrency in UAE?｜The current price of Bitcoin is . With a circulating supply of 19,709,025 BTC, it means that Bitcoin has a total market cap of AED 5,139,780,229,783.11. The amount of Bitcoin traded has risen by AED 18,581,686,010.60 in the last 24 hours, which is a 16.77% increase.AED 260,682.01 per BTC
Could you please clarify the current exchange rate of cryptocurrency in the United Arab Emirates? Specifically, I'm interested in the price of Bitcoin. As per the available information, it appears that the value of Bitcoin stands at AED 260,682.01 per unit. Given a circulating supply of 19,709,025 BTC, does this translate to a total market capitalization of AED 5,139,780,229,783.11? Also, it's mentioned that the trading volume has surged by AED 18,581,686,010.60 in the past 24 hours, representing a significant 16.77% increase. Could you provide further insights into these figures and how they impact the cryptocurrency market in the UAE?
Andrea
Sat Jun 08 2024
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7 answers
1664
Can I withdraw Bitcoin in Dubai?
I'm curious to know, is it possible to withdraw Bitcoin in Dubai? Given the city's status as a hub for financial innovation and technology, I assumed it might offer such services. However, I've heard conflicting information about the legality and availability of cryptocurrency transactions in the emirate. Could you clarify whether individuals can withdraw Bitcoin in Dubai, and if so, what are the requirements and procedures involved? Also, are there any specific regulations or restrictions that I should be aware of?
Lorenzo
Sat Jun 08 2024
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6 answers
1420
Which country doesn t allow Bitcoin?｜Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K. Several countries, including , have made it illegal to use Bitcoin.China and Saudi Arabia
Which countries have prohibited the use of Bitcoin? Despite the widespread acceptance of Bitcoin for purchasing goods and services, it's interesting to note that there's still no consistent international regulation governing its usage. We know that numerous developed nations, like the United States, Canada, and the United Kingdom, have embraced Bitcoin. But, which countries have taken a different stance and deemed its usage as illegal? China and Saudi Arabia, for instance, have prohibited its usage. What other nations share this sentiment towards Bitcoin? It would be insightful to explore this further, wouldn't it?
Tommaso
Sat Jun 08 2024
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6 answers
1513
Does Spain accept Bitcoin?｜. Bitcoin is largely unregulated because cryptocurrencies are not considered financial instruments under Spanish law. It is legal to trade and hold bitcoin as well as other cryptocurrencies in Spain
Does Spain welcome Bitcoin into its economic ecosystem? Given that cryptocurrencies are not categorized as financial instruments in Spanish law, does this mean Bitcoin remains largely unregulated in the country? Is it permissible for individuals in Spain to engage in the trading and possession of Bitcoin, alongside other digital currencies? Could you elaborate on the legal status of Bitcoin in Spain and any potential regulatory frameworks that might be in place or under consideration?
CryptoKing
Sat Jun 08 2024
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7 answers
1230
What happens if I sell my bitcoin on Cash App?｜If you sold bitcoin on Cash App, . Cash App will provide you with your IRS Form 1099-B based on the IRS Form W-9 information you provided in the app. Cash App does not report a cost basis for your bitcoin sales to the IRS.you may owe taxes relating to such sale(s)
Could you please elaborate on what happens when I sell my bitcoin using Cash App? Would Cash App be responsible for reporting my bitcoin sales to the IRS? And how would I know if I owe taxes on these sales? Additionally, does Cash App provide any assistance or guidance in calculating potential taxes owed? I'm quite unfamiliar with the tax implications of selling cryptocurrency and would appreciate some clarity on this matter.
