Al Jalila NGO will allow crypto donations with UAE in support.Al Jalila NGO will allow crypto donations after receiving support in UAE.
Recently the Al Jalila Foundation, dedicated to medical support, received approval to accept cryptocurrencies as a donation. The NGO is part of the recently created Mohammed Bin Rashid project. This would be the first NGO in Dubai to accept crypto donations promoted by various companies since 2021.
Crypto trading has become essential for charitable associations seeking to raise easy, safe, and fast money. The cryptos allow anyone interested in giving their support to do so whether or not they are in another country.
Al Jalila, the medical foundation founded in 2012 in the United Arab Emirates, has received permission to accept crypto-donations by demonstrating progress in its projects. But the NGO director said it would be linked to the crypto exchange to make its plans possible.
According to Al Olama Abdulkareem, CEO of Al Jalila charity, his signing depends solely and exclusively on contributions from citizens in Dubai, but now with these developments, everything will change. Al Olama recognizes that crypto trading is on the rise, so it’s not a bad idea to embrace it for their benefit.
The cryptographic research and analysis magazine Chainalysis indicates that Dubai wants to embrace the crypto trade. UAE would be one of the main focus points for crypto, knowing that there have been transactions above $25bn for the last few years, which is an astounding volume.
