The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Middle East receives first NFT stamps from UAE

3 min reading

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. 

NFT.jpg https://www.freepikcompany.com/legal

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.


Currency Exchange rate Buy cryptocurrency

Buy crypto now
with Swapcoin.today

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.