The United Arab Emirates has become one of the most active cryptocurrency jurisdictions in the Middle East. Gulf has now opened to accepting crypto payments and has been making significant progress in the development of a conducive and healthy business environment for the crypto market. Dubai is currently at the forefront and has adopted the trend of cryptocurrency adoption. A new addition has been made to the education sector.
Dubai-based School Start Accepting Cryptocurrency
Several digital asset firms have set up their headquarters in Dubai in recent months. The government is aiming to increase crypto adoption and has been following different methods. A local school in Dubai has announced that they will start taking cryptocurrency payments as tuition fees.
The move came after Dubai enacted its first legislation and regulated digital assets. It has assured the investors’ that a secure and sophisticated legal framework will be adopted to regulate cryptocurrency acceptance. According to a local news source, a new school in Dubai will allow the parents an alternative payment choice by accepting Bitcoin and Ethereum payments.
The Citizens School will welcome the students in September 2022. Furthermore, it aims to offer economic growth and will provide a world-class education to the students. The institution aims to make the Gulf country a worldwide leader in the adoption of digital innovation. The Citizens School becomes the first place where innovative ideas will be able to grow.
Dubai takes center stage In Accepting Crypto Payments
Dubai has become a global crypto hub and is undoubtedly making progress toward becoming the cryptocurrency centre. Several crypto exchanges are relocated to the headquarters of the city. Dubai has taken several steps to support cryptocurrency. The city has granted Binance‘s top digital asset exchange and has released a license for it. Rumours have surfaced that FTX will be establishing its regional headquarters in Dubai.
Many trading platforms are intending to emulate this move and in the following weeks, a new trend will become more apparent. The most recent companies are indicating intentions to promote the cryptocurrency. The crypto exchanges aim to create regional headquarters in Dubai, which will be similar to other crypto exchanges.
Dubai is a crypto haven and has solid governance. The crypto legislation will govern the regulation and will regulate the rule of accepting crypto payments in Dubai. The trading of the digital assets, supervision, and control will be taking place in an organized way.
