According to @WatcherGuru on Twitter, the Dubai government has officially started accepting cryptocurrency payments. This move makes Dubai one of the first major governments to integrate digital assets into its payment systems, potentially accelerating institutional adoption and increasing transaction volumes in the crypto market. Traders should monitor potential increases in demand for leading cryptocurrencies such as Bitcoin and Ethereum, as well as local Dubai-based blockchain projects, as this policy may drive price movements and create new trading opportunities. Source: @WatcherGuru, Twitter, June 2024.