2 years ago
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Dubai-based luxury existent property developer DAMAC volition soon judge payments successful crypto, joining the chorus of firms betting that the United Arab Emirates volition go a planetary crypto hub.
DAMAC volition judge payments successful bitcoin (BTC) and ethereum (ETH), the steadfast said successful a Wednesday property release. The determination aims to "accelerate the caller system for newer generations, and for the aboriginal of our industry," said Ali Sajwani, who leads DAMAC's integer translation initiatives arsenic the wide manager of operations.
DAMAC isn't the archetypal spot developer to marque this determination arsenic Latin America's Proptech La Haus made a akin announcement successful November 2021.
Dubai – on with Abu Dhabi and the broader United Arab Emirates – has been trying to pull crypto business, successful portion by moving to make a wide regulatory model by which integer plus firms tin operate.
Crypto.com and Bybit person acceptable up offices successful Dubai, portion Binance received a licence to run successful the escaped commercialized zones of some Dubai and Abu Dhabi. Kraken, meanwhile, has been granted a licence to run successful Abu Dhabi's escaped commercialized zone.
DAMAC has developed buildings successful the U.A.E., Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, and the U.K. It booked AED 170 cardinal ($46 million) successful nett profits for 2021, according to its annual net report.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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