Dubai homes built on cryptos might be a legal trap

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One of the top developers in Dubai confirmed that cryptos can be transferred to buy properties in Dubai and that many Indians have paid in cryptos to buy homes there.

Many wealthy Indians are paying in cryptocurrencies to buy properties in Dubai, with leading realtors in the emirate accepting digital coins to cut deals.

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Such transactions, though perfectly kosher in Dubai, which wants to position itself as the world’s crypto capital, can come back to haunt the property owners, most of whom are unmindful of the regulatory and legal pitfalls ahead.

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