Emaar Denies Reports It Will Accept Payment in Digital Currency

(Bloomberg) -- Emaar Properties PJSC, Dubai’s biggest publicly traded developer, denied reports of plans to accept payments in digital currencies.

“Emaar does not accept payment in digital currency,’’ a spokesperson for the company said in response to questions. “Emaar only accepts payment in government-issued currency, primarily in U.A.E. dirham and U.S. dollar.”

Reports and blogs circulated online cited an alleged Emaar circular to real estate brokers as saying that the developer will accept payment in digital currencies such as Bitcoin and Ethereum through a broker in Switzerland.

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