Yes but this is pretty old, those who are really stunned into this forum should know that this notice has been published in here a few weeks ago, or maybe months, i dont remember it well.
But yes, it is a very good idea and maybe some other countries should start to do the same, just like Russia is doing with their cryptorubles. But seeing it coming from Dubai is a little bit shocking for me, anyway, those are good news after all.
Topic: Dubai Will Issue First Ever State Cryptocurrency - page 2. (Read 499 times)
I've wanted to post this in alt-coin section but something came to my mind.
so:
I believe this is something everyone wants for bitcoin, to be used just as described here, but as we can see, every time some country is adopting crypto they're speaking of their own state currency. So sometime in the future, every state will have their own local crypto currency and where does that put bitcoin? Will bitcoin become a full investment asset once every country has it's or crypto? Thoughts?
source: https://cointelegraph.com/news/dubai-will-issue-first-ever-state-cryptocurrency
so:
Quote
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.”
I believe this is something everyone wants for bitcoin, to be used just as described here, but as we can see, every time some country is adopting crypto they're speaking of their own state currency. So sometime in the future, every state will have their own local crypto currency and where does that put bitcoin? Will bitcoin become a full investment asset once every country has it's or crypto? Thoughts?
source: https://cointelegraph.com/news/dubai-will-issue-first-ever-state-cryptocurrency
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