The United Arab Emirates never fails to make the headlines in connection with the liberalization of the cryptocurrency market. This time, the reason for mentioning the Middle Eastern state was the initiative of the elite Citizens School to accept BTC and ETH as tuition fees. The creator of the institution, Dr. Adil Alzarouni, gave all the details.

According to him, a modern private school will offer to parents of students a variety of options to pay for education. In addition to traditional forms of payment will be available to make payments in bitcoins and ether. The main idea of the management of Citizens School is to attract students through innovation and openness to business ideas in the digital economy, Alzarooni said.

It is noted that the private educational institution will be officially opened by the beginning of the coming school year. However, its founder is already confident that the vast majority of Citizens School graduates will go into business and investment activities.

Earlier, the Dubai government passed the first law to regulate cryptocurrency assets. The city's authorities claim that their task is to establish a safe and comfortable climate for investors.