Canadian University Dubai will not start accepting cryptocurrency due to a technical roadblock
Join Our Telegram channel to stay up to date on breaking news coverage After the initial excitement at the prospect of Canadian University Dubai (CUD) accepting crypto, a new announcement revealed that the deal is canceled due to a technical roadblock. CUD was supposed to introduce crypto payments through its partnership with Binance Pay and allow people to make payments using digital assets. However, less than 24 hours after the partnership announcement was made, the initiative was shot down by CUD itself. Crypto adoption in Dubai CUD is a private university located in Dubai, the most populous of the emirates that make up the UAE. Recently, Dubai has been making headlines due to its crypto regulations that require all companies to obtain the license of the new local regulatory body. The same set of rules also prohibited the use of privacy coins in Dubai, to prevent their use for illicit purposes. Despite the restrictions, the new set of rules was generally accepted as a goo...