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SDO and government officials of Dubai partnered with 1776 with a vision of developing the city into a Blockchain-powered region.
The government of the United Arab Emirates (UAE) and its Central Bank plan to provide a clear regulatory framework on the usability of Bitcoin and operations of digital currency exchanges in the near future.
United Arab Emirates surpassed Russia in using Tor, the number of users is growing exponentially in a matter of days.
Australia-based Bitcoin startup Igot, announced on August 29 it had launched the first Bitcoin exchange in the United Arab Emirates (UAE).
Even though the Gulf countries do not appreciate the Bitcoin arrival on the market and still regard it untrustworthy, Pizza Guys company from Dubai has decided to take the first step towards cryptocurrency in United Arab Emirates.
The businessmen of United Arab Emirates as well as country’s citizens refuse to accept Bitcoin in any way as the instability of the digital currency negates all other benefits associating with it.
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