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RE: UAE Central Bank warns against using 'digital currency'
truth is that government want to rule over on its people and on their money and bitcoin is uncontrolable or noncentralised , thats why most of the govermnet officials will not accept it easily as it provides user a freedom and non control from its goverment
UAE has launched a crypto currency not a long ago though...called FARAD. Many banks and exchanges from UAE have already tied up with Ripple. So, it won't be long when they actually recognize the other cryptos.
http://gulfnews.com/business/economy/new-cryptocurrency-launches-in-dubai-backed-by-real-economic-activity-1.2070453