{"id":8150,"date":"2018-09-17T17:48:34","date_gmt":"2018-09-17T17:48:34","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=8150"},"modified":"2018-09-17T20:14:51","modified_gmt":"2018-09-17T20:14:51","slug":"dubai-police-chief-crypto-currencies-will-soon-replace-fiat-money","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/dubai-police-chief-crypto-currencies-will-soon-replace-fiat-money\/","title":{"rendered":"Dubai Police Chief &#8211; Crypto Will Soon Replace Fiat Money"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8151 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/dubai-police.jpg\" alt=\"\" width=\"380\" height=\"250\" \/>A higher-ranking Dubai law enforcement bureaucrat has forecast that crypto currency will \u201csoon\u201d replace cash, regional news outlet Khaleej Times reported. During a team dialogue, Lt Gen Dhahi Khalfan tamim, Deputy Chairman of the Dubai Police Department and Head of the General Security Department in Dubai, opined that the deterrents to turn cryptocurrency mainstream is a lack of public knowledge and credible crime prevention strategy.<\/p>\n<p>The <strong> Times quotes Tamim.<\/strong> as saying<\/p>\n<blockquote><p>\u201c&#8230;Faith in digital currencies will always be questioned as long as its source and tracking system remain unknown,\u201d<\/p><\/blockquote>\n<p>Dubai has carved out a<a href=\"https:\/\/www.legitgambling.com\/news\/hyperchain-capital-launches-hyperblocks-pro-a-proof-of-stake-service\/\"> progressive-stance on both cryptocurrency<\/a> and blockchain guideline in recent years, with the highly-advertized Blockchain implementation and state-level initiatives placing the United Arab Emirates significantly in front of its neighbors in the sector.<\/p>\n<p>During the discussion, other higher-ranking figures reverberated Tamim\u2019s enthusiasm, contending the UAE should make available a <strong>\u201cdigital UAE cryptocurrency using blockchain technology.\u201d<\/strong><\/p>\n<p>Others were more cautious with Dr Saeed Al Dhaheri, chairman of advanced smart services provider Dubai Smart World <a href=\"https:\/\/www.legitgambling.com\/news\/germany-looking-at-the-option-of-launching-swift-alternative\/\">calling for policies to be created <\/a>for the naive, volatile industry. <strong>\u201cFor every one successful digital transaction, there are five failed currencies,\u201d<\/strong> the Times cite him as saying. Last week, news emerged that UAE legislators would shortly approve formal rules pertaining to both Fintech and ICOs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A higher-ranking Dubai law enforcement bureaucrat has forecast that crypto currency will \u201csoon\u201d replace cash, regional news outlet Khaleej Times reported. During a team dialogue, Lt Gen Dhahi Khalfan tamim, Deputy Chairman of the Dubai Police Department and Head of the General Security Department in Dubai, opined that the deterrents to turn cryptocurrency mainstream is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-8150","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dubai Police Chief - Crypto Currencies Will Soon Replace Fiat Money<\/title>\n<meta name=\"description\" content=\"A higher-ranking Dubai law enforcement bureaucrat has forecast that crypto currency will \u201csoon\u201d replace cash, regional news outlet Khaleej Times reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/dubai-police-chief-crypto-currencies-will-soon-replace-fiat-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Police Chief - Crypto Currencies Will Soon Replace Fiat Money\" \/>\n<meta property=\"og:description\" content=\"A higher-ranking Dubai law enforcement bureaucrat has forecast that crypto currency will \u201csoon\u201d replace cash, regional news outlet Khaleej Times reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/dubai-police-chief-crypto-currencies-will-soon-replace-fiat-money\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-17T17:48:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-17T20:14:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/09\/dubai-police.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/dubai-police-chief-crypto-currencies-will-soon-replace-fiat-money\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/dubai-police-chief-crypto-currencies-will-soon-replace-fiat-money\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Dubai Police Chief &#8211; 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