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The Central Bank betser of UAE announced earlier this morning that it will not ban bitcoin as a currency.
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
Read more here: https://darknetmarkets.co/the-central-bank-of-uae-is-refusing-to-ban-bitcoin/
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The UAE focuses on building real estate, trade and tourism. Their focus is building industries oil rich arabs can rely on should the day come when oil wells run dry.
It makes sense for them to allow/regulate bitcoin. Anything that attracts long term business gels well with their mission plan.
It makes sense for them to allow/regulate bitcoin. Anything that attracts long term business gels well with their mission plan.
This is great news! thank you for the article!
I agree when their oil runs dry they might be in trouble so a long term plan with at focus on building industries and attracting tourists and companies might be a very good way to go.
