UAE Real Estate Company Emaar Accepts Bitcoin And Ethereum

Emaar, the largest real estate company in the UAE and the main developer of the world's tallest structure Burj Khalifa, recently announced the acceptance of bitcoin and ethereum as a means of payment.

According to local media outlet Lovin Dubai, the news comes from a circular sent out by Emaar to real estate agents based in the said country. Emaar will facilitate the sale of its properties via BTC or ETH using the Swiss broker Bitcoin Suisse.

Recall that earlier this month, Dubai announced the creation of a regulatory body for cryptocurrencies. The government body, called the Virtual Assets Regulatory Authority (VARA), will oversee the issuance and trading of cryptocurrencies, as well as the licensing of exchanges.

Image: Globe Echo