Dubai issues world’s first state-run cryptocurrency

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Blockchain-based digital currency has become increasingly popular in the last 18 months. Bitcoin was the first of its kind to be invented and was developed as a ‘peer to peer electronic cash system’. Still classed as the most valuable cryptocurrency, Bitcoin has been followed by many others thanks to the development of new blockchain platforms such as Ethereum. And now the city of Dubai has decided to launch their own blockchain-based cryptocurrency to be used as a form of payment for governmental and non-governmental services. emCash is the result of a partnership between the city's economy department with one of its subsidiaries called Emcredit and…

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