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Dubai Is Embracing Cryptocurrency To Double Its Economy by readthisplease

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hive-167922 · @readthisplease ·
$10.06
Dubai Is Embracing Cryptocurrency To Double Its Economy
Just another day with a wonderful news from Dubai to the crypto community. It’s great and wonderful to see some countries giving freedom to trade cryptocurrencies without antagonizing it. Dubai is known to embracing and adopting new technologies really fast. Dubai won’t be where they are if they didn’t do that. Now Dubai is one of the most visited places in the world. Being a country that makes most of its money from tourism, accepting cryptocurrencies or making it tradable in the country easily is a very wise decision.

![image.jpeg](https://images.hive.blog/DQmYq5SrUa4xyHQASJxMuCZ8Y4u5SRFPuF2LQhvEoD3Ytvd/image.jpeg)
[source](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ7A4G411ylecPs_Ub0UxA1G91oQKIPYfiMfA&usqp=CAU)

The crypto community have the most supportive communities in the world. Lots of people have seen their businesses strive even better after accepting cryptocurrency. We can see that from the tweet made by the CEO of AMC. He was so fascinated by the turn out he got from the tweet he made regarding making Dogecoin an acceptable token in the cinema. The tweet he made about Dogecoin was his most engaged and read tweets with over 4 million views. We have seen what happened with the deodorant AXE. After creating a special Doge can for the AXE deodorant, the doge community was happy and bought a lot. So don’t be surprised to see lots of cryptocurrency enthusiasts visiting Dubai more because cryptocurrencies has gotten the free pass to be traded there. 


Imagine a cryptocurrency zone in the Dubai airport, where everyone can book flights with cryptocurrencies and it’s highly acceptable. The Dubai airport is one of the busiest locations in the country with people taking flights to travel around the world. This means that Dubai is on its journey to doubling its economy. 



This also means that businesses will be given approval and licenses for financial activities that are related to cryptocurrencies. This is just opposite to what the Nigerian government did. The Nigerian government claimed that the decision to ban financial institutions from transacting crypto related transactions was to increase the value of naira. Unfortunately the reverse was the case and we the citizens knew that this was going to happen. It’s funny how the government take decisions for the country and you know fully well that this decision is a disaster but the government doesn’t care. 
[source](https://www.cryptonary.com/uae-regulator-approves-crypto-trading-in-dubai-free-zone/)

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@engrsayful · 
Wow. Its good news. Dubai is business oriented. So, it will create a good impact in the crypto market, i think. Dubai is  the hub of many business center.

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@readthisplease ·
$0.02
Definitely, they are really smart and I applaud their smart move
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@engrsayful · 
i like them for business and globalisation mentality
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@mistakili · 
A country, especially one that has a lot of tourism attraction deciding to accept crypto ideas a no brainer, it is going be so fruitful, I’ve said the same thing about El Salvador, there is so much to gain from such moves. Trust that Dubai knows what they’re doing.  We will see the results in a couple of years

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@readthisplease · 
Dubai literally knows how to turn lemonade from lemon. They know the value of early investing and they are taking advantage of it.
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@ph1102 ·
$0.02
I have noticed that some of the "crypto influencers" are living in Dubai, and it's great to see that they are working on accepting Bitcoin and crypto in their country... We know what kind of tourists are going there, and there are a lot of "new wealthy generations" that can spend money there... Wise move!

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@readthisplease ·
$0.05
They are known for taking opportunities when they see one.
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@williamtboy · 
That country called Nigeria, took rubbish decision concerning crypto currency and they are still suffering it today.
There Naira currency has fallen to the extend that,them government are confuse, they don't know what happened to the fallen of Naira.
Had it been Nigeria government allow their citizen to be using Crypto currency,I don't think this Naira will loose value.
For Dubai to be accepting Crypto currency in their business,is going to help the economy to increase times two.
Thanks for the information.

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@readthisplease · 
You are welcome. They are on ruling backwardly.
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@williamtboy · 
Ok

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