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Major cryptocurrencies including Ethereum and Solana also declined, with bitcoin trading at $79,965.82, down 1.09% on the day.
Bitcoin holds above $80,800 (about AED 296,700) while altcoins recover, with pepe posting a notable 13% gain.
Sellers must verify buyers hold official licences before supplying mining hardware, as authorities tighten sector oversight.
Henley Crypto Adoption Index 2026 places UAE just behind Singapore, citing 10 out of 10 for tax friendliness and strong regulatory innovation.
Bankman-Fried, serving a 25-year sentence for fraud, has formally requested a presidential pardon. Trump previously denied plans to grant clemency.
Bitcoin crossed the $85,000 (about AED 312,162) mark for the first time in eight months, with total crypto market value reaching $2.8tn.
