Dubai Will Issue First Ever State Cryptocurrency | Jon Buck

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cointelegraph.com/news/dubai-will-issue-first-ever-state-cryptocurrency

Oct. 1, 2017 (CoinTelegraph) -- Dubai has officially launched its own cryptocurrency called emCash, local news media report.

The cryptocurrency is to 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.”

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