Dubai Will Issue First Ever State Cryptocurrency

  • The local government in Dubai has officially launched its own cryptocurrency called emCash, according to announcements by local news media outlets.
  • The cryptocurrency would be used for payment of governmental and nongovernmental services.
  • The flexibility and convenience of cryptocurrencies makes the solution a win-win for Dubai.
  • The government is strongly pro-Blockchain and sees it as the next major wave of paradigm changing technologies, and wants to be forward-thinking in adoption.

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