Dubai to launch an "Official State Cryptocurrency"

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The UAE announced today that Dubai will launch an official government sanctioned cryptocurrency, called "emCash".

Dubai has gone all out on adopoting blockchain based tech, and is already working with a UK company to develop blockchain a based passport system.

There is no date set yet for it's official launch, but the government has already said all 38 of Dubai's government agencies will accept the cryptocurrency for payment.

Author: Ross Davis
San Francisco News Desk

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