“Like anywhere else, the regulators [in the UAE] are looking at it very cautiously,” says Sandeep Chouhan, group head of operations and technology at Mashreq Bank.
It hasn’t yet hit mainstream. As we know, the birth of these cryptocurrencies took place in the dark web. The starting point has been rather dark, and there’s a lot more evolution that needs to take place in that area for the regulators to legitimise it. Source: Mashreq Market Talk