You can now buy luxury properties in the UAE using major crypto assets such as Bitcoin and Ethereum!
On April 27th, 2022 DAMAC Properties (a luxury real estate company in the United Arab Emirates – UAE) released a statement announcing the acceptance of Crypto Assets such as Bitcoin or Ethereum as valid modes of payment when purchasing one of their properties.
The UAE has steadily worked towards establishing itself as a very prominent global crypto hub by working towards overseeing crypto assets to ensure growth of its domestic crypto sector rather than snuffing it out. Regulation does not always have to be competitive, and could, if done tactfully, mitigate risks such as extreme volatility or fraudulent activity… read more
Coins mentioned in this article:
https://coinmarketcap.com/currencies/bitcoin/
https://coinmarketcap.com/currencies/ethereum/
