“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. According to Ali Ibrahim, Deputy Director General of Dubai Economy, the token will be considered legal tender ‘for various government and non-government services, from their daily coffee and children’s school fee to utility charges and money transfers.'”
Read more: https://cointelegraph.com/news/dubai-will-issue-first-ever-state-cryptocurrency
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Swiss Central Bank Bails Out Firm That Prints Swiss Banknotes
US military wants a portable, bullet-resistant wall that fits in a can
EU: Treaty of debt (ESM) - stop it now! (2011)
Iowa Troopers Steal $100,000 in Poker Winnings From Two Drivers
Government Medical Propaganda Comes to Television
Tech Innovation Outstrips Government Obstructionism
Close the Loophole Legalizing Union Violence
Sudden spike of Tor users likely caused by one “massive” botnet
Glenn Greenwald: The Power of Ideas
Police Officers Explain Why Millennials Make Terrible Cops
Reddit co-founder Alexis Ohanian ‘cautiously optimistic about Bitcoin’
The People Who Profit from Marijuana Prohibition are Upset with the DOJ
How to Finance a Second Passport, and More…
U.S. Inflation Since 1775 And How It Took Off In 1933
America Is Setting A Dangerous Precedent For The Drone Age