(FILES) This file photograph taken on January 8, 2021, shows a Bitcoin digital currency logo on the front door of an ATM in Marseille, southern France. Bitcoin's value plunged on May 19, 2021, after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 -- less than half the record value it reached last month -- before climbing back over $39,500 around 2000 GMT. It was still above its level at the start of the year. Bitcoin recovered somewhat following tweets from Musk that featured a diamond and hands emoji, taken as a signal the company had not sold off its huge bitcoin holdings as the CEO appeared to suggest recently. / AFP / NICOLAS TUCAT
In the past, some UAE developers allowed property purchases to go ahead with cryptocurrency. However, it is now becoming harder to do so. AFP

Homefront: ‘Can I use cryptocurrency to buy property in the UAE?’




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