Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin
BTC & ALGO Discussion Threads & News Included
Cryptocurrencies are now accepted as a form of payment at the KIKLABB free trade zone in Mina Rashid, Dubai.
With the news, KIKLABB has become the first United Arab Emirates government-owned entity to accept crypto payments, according to a Gulf News report Tuesday.
“KIKLABB is collaborating with international partners for payment processing of cryptocurrency transactions, guaranteeing all regulations are adhered to as a government-owned entity,” KIKLABB CEO Tasawar Ulhaq told the publication.
This is an exciting development, as this means there will definitely be more nations to follow.
Bitcoin started a recovery wave above the $42,000 and $43,000 resistance levels.
The price is still trading below $44,000 and the 100 hourly simple moving average.
There was a break above a major bearish trend line with resistance near $42,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could accelerate higher if there is a clear break above $44,000.
Tomorrow, we’ll release the first issue of our paid newsletter—reviewing our current moon shot predictions.
We’ll see you then, friends.
If you’re not reading this on Substack—and you happen to like what you’re reading—visit this page and enter your email address so we can stay in touch.
Do us a favor…
Disclaimer: None of this is to be deemed legal or financial advice in any way, shape, or form. You are reading opinions from an anonymous news publisher in Cartoon Gopher Format.
Questions & Comments: Please feel free to ask questions and leave comments as it relates to Crypto, Blockchain-Tech, NFTs, & Web 3.0—or if you’d just like to say hello—we want to hear from you!