Al Jalila Foundation to Accept Charity in Cryptocurrency
- Publish date: Friday، 03 June 2022
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The Al Jalila Foundation will now be able to receive charitable donations in cryptocurrencies, making it the first healthcare charity in the UAE to accept donations in digital money.
Dr Abdulkareem Sultan Al Olama, CEO of Al Jalila Foundation, said in a statement: “As a philanthropic organization we rely on charitable donations, and we are always seeking innovative ways to expand our donation channels for ease of convenience for donors from all around the world to support our programs.
“Therefore, as an emerging source of fundraising, providing the opportunity to the growing number of crypto users around the world to donate to Al Jalila Foundation to causes that interest them is a win-win for us as a foundation and the donor community.
“We are proud to be the first healthcare charity in the UAE to accept donations in cryptocurrencies bridging the gap between physical and digital currency.”
Since its inception in 2013, Al Jalila Foundation has raised millions to deliver life-transforming healthcare programmes in the areas of medical treatment, education and research.
Dubai issued the Regulation of Virtual Assets law and established the Dubai Virtual Assets Regulatory Authority in March, aiming to establish a legal framework for businesses in the virtual assets space.