Dubai Could Have 400 Bitcoin ATMs
Sergey Yusupov posted on twitter that he has imported 400Bitcoin ATMs in Dubai. These ATMs could be operational within two weeks. Yusupov plans to have them operating in April all around the city. Yusupov's tweet shows a warehouse full of four hundred Bitcoin ATMs, though the exact location is unknown. The city authorities and government were not involved with importing the Units, and it was not disclosed if a license is needed to operate them. Yusupov also didn't mention what company would be responsible for upkeep and regulation of the units all over the city. As of right now, it seems....
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UAE residents looking forward to an army of bitcoin ATMs being installed in Dubai may be disappointed to find out that it's not happening ... at least for now. Last week, there was speculation on social media that 400 ATMs had arrived in Dubai. In response to an earlier BitAccess announcement, Sergey Yusupov tweeted a photo of the machines and noted that they would be activated in two weeks. @BitAccess welcome to #Dubai but 400 #BitcoinATM are already here and will be activated in 2 weeks! pic.twitter.com/0i1duhCCXq. - Sergey Yusupov (@uniqbiun) March 18, 2014. However, the UAE Department....
Weeks ago, it seemed that Dubai may have been turning into a major Bitcoin hub. An image released on various social media platforms and news sources depicted upwards of 400 Bitcoin ATMs in a warehouse, with headlines like "Dubai About to Roll Out 400 Bitcoin ATMs." However, later that week, the UAE Department of Economic Development stated that they have not issued any Bitcoin licences thus far. But Bitcoin is still making its mark in Dubai. Early this week, the first official Bitcoin ATM made its debut in the heart of Dubai's financial district. In conjunction, an exciting two-day event....
The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the metaverse.”
Dubai Rulers’ Vision
The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown prince and the deputy prime minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, reportedly “reviewed vital technology trends in the metaverse and issued directives to form a task force to track the latest....
Bitcoin ATMs (Automated Teller Machines) have been popping up all over the world. Hong Kong, Australia, Dubai, and America, among other places, have operating Bitcoin ATMs. These ATMs have only become widespread in the past few months and are a very new and incomplete technology. Now, they're coming to Africa. Coming to Africa. [dropcap size="small"]Bitcoin's first ATM in the vast continent of Africa is expected to be opened to the public in late May. The ATM will be owned by ZABitcoinATM. The first ATM will come to Johannesburg, South Africa. A second one, which will come a month after....
A school in Dubai has announced that it will be accepting cryptocurrencies such as Bitcoin and Ethereum as payment. Dubai is a city that has continued to introduce new and favorable laws regarding cryptocurrency and as a result, has seen the adoption of digital assets rise in recent times. The Dubai school which is scheduled […]