Dubai to Officially Launch Its Own Cryptocurrency emCash

The government of the city of Dubai launched their own blockchain-based cryptocurrency last week.

The city's economy department partnered with one of its subsidiaries called Emcredit Limited and U.K.-based Object Tech Group, Ltd. to create emCash.

This new "encrypted digital currency" is a product of partnerships Dubai has cultivated through their Accelerators Initiative and brought under the umbrella of the Dubai Economy Accelerators.

http://www.businessinsider.com/dubai-official-cryptocurrency-blockchain-emcash-2017-10