Technical roadblock in adoption: Canadian University Dubai to a̶c̶c̶e̶p̶t̶ crypto payments for tuition fees.
As shown above, CUD is home to over 1800 domestic and international students — enrolled in one of the 25 undergraduate and six graduate programs — who pay a yearly tuition fee of $18,000.Related: Crypto projects respond to privacy coin ban in Dubai
Right when Binance was eyeing a partnership with CUD, Dubai released crypto regulations for virtual asset service providers on Feb. 7. The Virtual Asset Regulatory Authority issued its “Full Market Product Regulations,” which include four compulsory rulebooks and activity-specific rulebooks that lay down the rules for operating VASPs.Dubai's Vurtual Assets and Regulatory Authority issued the long-awaited Full Market Regulations for Vurtual Assets Services Providers .
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