Quote from: encycrypto on January 23, 2019, 03:18:24 PM

Quote from: blockmanity on January 22, 2019, 05:12:22 AM

UAE and Saudi Arabia are all set to be the new crypto-hub in the middle east by launching their own Saudi-Emirati Pilot cryptocurrency. The Saudi-Emirati cryptocurrency is one of the seven initiatives that will be implemented by both countries. The use of the newly formed cryptocurrency is for Cross Border payments.

https://blockmanity.com/news/saudi-arabia-and-uae-launches-a-separate-cryptocurrency-for-banks-to-facilitate-cross-border-payments/

Honestly, I'd not trust such a source. Any similar update article on Coindesk or some other trustable source?

Correct, we really need to learn to read between the lines as a lot of crypto related websites will just post anything about crypto without any verification, all they wanted is for people to click it for ad revenues.

So I didn't read the news but for me, it doesn't make sense for a country to create their own crypto backup currency, I mean what would be the advantage for them? To put (high) taxes? What countries should do is to regulate and adopt crypto or even take advantage of Blockchain technology.