UAE’s Largest Real Estate Firm Emaar Denies Reports That It Accepts Crypto: Bloomberg

UAE’s Largest Real Estate Firm Emaar Denies Reports That It Accepts Crypto: Bloomberg

The United Arab Emirates’ ( UAE) largest real estate development firm, Emaar Properties, has officially denied reports that it enabled crypto payments for property, Bloomberg reported on Feb. 20. Known for developing the world’s tallest building, Burj Khalifa – located in Dubai – the firm told Bloomberg that it currently accepts only fiat currencies, such as UAE Dirhams (AED) or United States dollars as payment for property purchases.