“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:
PayPal Cuts Off VPN Provider iPredator, Freezes Assets
Afghani Hornets Get Pissed After Soldiers Blow Up Their Home
Syrian Christians: 'Why Is America at War with Us?'
Sweden and Norway to add Bitcoin VAT; Norway to implement Bitcoin tax
Airbnb might be closer to accepting Bitcoin: CEO requests opinions
Ohio nuclear plant finds radioactive goldfish in lemonade pitcher with reactor water
The NSA's hiring - and they want a 'civil liberties' officer
Citi: "No Gold Company... Will Generate Free Cash Flow At Current Gold Prices"
Los Angeles sheriff gives comedian award for racially-motivated routine
Is America Becoming a Third World Country?
Europe’s Bailout Rebound Lasts Three Hours. Reverses Despite Panicked EU Minister Tweet.
BlackBerry gives Indian government ability to intercept messages
Chinese Authorities Halt Virtual Credit Card Payments
Bitcoin Arcade Machine is ‘On Like Donkey Kong’
Alasdair Macleod On The Missing 1300 Tons of Gold