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UAE Approves Crypto Payments For Government Fees, Names Its First Licensed Platform

UAE
International Business Times Fews App News Provider
Fews App Post Time Hace 16h

The platform will convert the digital assets into UAE dirhams before the funds are transferred to government accounts, shielding public finances from crypto price volatility. Sergei Tokmakov, Esq. | Pixabay The United Arab Emirates has approved cryptocurrency payments for government fees, marking another step in the Gulf nation's effort to integrate digital assets into its financial system.

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