BTC & ALGO Discussion Threads & News Included
Dubai Free Zone Becomes First UAE Government Entity to Accept Bitcoin
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.
The free zone is allowing customers to pay for Dubai trade licenses and visas with bitcoin, ether and the tether stablecoin.
“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.
Notable Headlines
What kind of safe haven asset is Bitcoin?
TA: Bitcoin Prints Bullish Pattern, Why Close Above $44K Is Critical
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.
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Pour Conclure
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