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Middle East receives first NFT stamps from UAE

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Dubai-based Emirates Post Group (EPG) revealed this week it will issue a digital-collectible stamp for the first time in the Middle East and North Africa. 


United Arab Emirates has adopted an open-minded approach towards crypto. Now, the country’s postal operator is issuing of NFTs to commemorate National Day.

The postal operator of the United Arab Emirates has issued special stamps commemorating the country’s 50th National Day, extending the trend of digital collectibles (NFTs) becoming more mainstream around the world. Dubai-based Emirates Post Group, often abbreviated to EPG for short, revealed this week it will issue a digital-collectible stamp for the first time in the Middle East and North Africa. The stamps will be issued December 2, National Holiday will consist of blockchain-based digital twins accompanied by physical counterparts that can be bought as digital collectibles.

In total, four stamps will be issued, each featuring a unique national theme. After scanning the QR code printed on the stamp, buyers can view the digital design associated with the physical stamp, An activation QR code hidden behind the card must be scanned for users to activate the digital collectible on the blockchain.

Abdulla Mohammed Alashram, EPG’s CEO, said the company’s move toward becoming more digitally oriented aligns with embracing NFTs. “In light of the COVI-19 pandemic, EPG is evaluating the implementation of blockchain technologies in order to streamline and enhance operations and develop other competitive advantages”.

According to Alashram, EPG plans to launch new digital stamps in the future:

“As part of our effort to bridge the gap between traditional stamps and the digital world, we have adopted the latest advancements in digital technology to accommodate the technology-savvy generation that desires digitally accessible services, we are also working to launch more NFT stamps” said Alashram

Dubai Financial Services Authority, also known as DFSA, announced clarifications regarding investment tokens late October. The framework will give both investors and markt operators legal certainty.

UAE regulators are pushing a slew of crypto-friendly regulations, with a progressive attitude towards blockchain technology. Recent changes to Dubai’s economic free zone have helped establish a regulatory framework that permits cryptocurrency trading and related activities, potentially paving the way for greater adoption and innovation there.

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