Dubai Becomes First Government to Launch State Cryptocurrency

Dubai Becomes First Government to Launch State Cryptocurrency

A news report by Coin Telegraph reveals that the local government of Dubai has made the official launch of a state-sponsored cryptocurrency. The digital token, called emCash, will be available to citizens of the U.A.E. to pay for governmental and nongovernmental services alike. This historic first makes Dubai the first government to launch its own state cryptocurrency. Other nations have considered the possibility of doing a similar launch, but Dubai has become the first . Token Has Legal Tender Status Deputy Director General of Dubai Economy Ali Ibrahim indicated that the emCash token will be considered fully legal tender […]

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