{"id":550913,"date":"2023-02-12T10:04:00","date_gmt":"2023-02-12T07:04:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/canadian-university-dubai-backtracks-on-accepting-crypto-via-binance-pay\/"},"modified":"2023-02-12T10:04:00","modified_gmt":"2023-02-12T07:04:00","slug":"canadian-university-dubai-backtracks-on-accepting-crypto-via-binance-pay","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/canadian-university-dubai-backtracks-on-accepting-crypto-via-binance-pay\/","title":{"rendered":"# Canadian University Dubai backtracks on accepting crypto via Binance Pay"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e05597bef7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e05597bef7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/canadian-university-dubai-backtracks-on-accepting-crypto-via-binance-pay\/#%E2%80%9D_Canadian_University_Dubai_backtracks_on_accepting_crypto_via_Binance_Pay_%E2%80%9C\" >&#8221; Canadian University Dubai backtracks on accepting crypto via Binance Pay &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Canadian_University_Dubai_backtracks_on_accepting_crypto_via_Binance_Pay_%E2%80%9C\"><\/span>&#8221; Canadian University Dubai backtracks on accepting crypto via Binance Pay &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4bbf85c5>Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative.<\/p>\n<p>CUD, a private university in Dubai, was seemingly interested in allowing students \u2014 both domestic and international \u2014 to pay their tuition and course fees in cryptocurrencies. This initiative would have allowed students from varied backgrounds easy access to the Canadian curriculum in Dubai.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Dear CUD Community,<\/p>\n<p>For technical reasons, CUD will not be accepting cryptocurrency as a method of payment, until further notice.<\/p>\n<p>We apologize for any inconvenience. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/b9rERYHR7g\">pic.twitter.com\/b9rERYHR7g<\/a><\/p>\n<p>\u2014 CUDubai (@CUDUAE) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CUDUAE\/status\/1623960263450918912?ref_src=twsrc%5Etfw\">February 10, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Binance Pay, a payment gateway service launched by crypto exchange Binance, allows businesses to integrate support for cryptocurrency payments. According to the university\u2019s initial announcement, the Binance partnership allowed the institution to \u201chave adapted to the transforming digital payment space.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a> helps bring crypto to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CUDUAE?ref_src=twsrc%5Etfw\">@CUDUAE<\/a>, a leading university in Dubai.<\/p>\n<p>Prospective and current students can now pay their fees, including tuition fees, with crypto.<\/p>\n<p>Powered by Binance Pay. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bqWuezZVKJ\">pic.twitter.com\/bqWuezZVKJ<\/a><\/p>\n<p>\u2014 Binance (@binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance\/status\/1623575349698129921?ref_src=twsrc%5Etfw\">February 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Binance Pay supports over 200 cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH), and charges 0 fees per transaction. On Feb. 7, Binance hosted a cryptocurrency workshop and information session for CUD wherein students were taught about blockchain fundamentals, crypto fundamentals, web3 and metaverse.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/89adb1a0-3629-402a-8daa-951c38cbd1e4.png\"><figcaption style=\"text-align: center;\"><em>Canadian University Dubai total number of students. Source:\u00a0topuniversities.com<\/em><\/figcaption><\/figure>\n<p>As shown above, CUD is home to over 1800 domestic and international students \u2014 enrolled in one of the 25 undergraduate and six graduate programs \u2014 who pay a yearly tuition fee of $18,000.<\/p>\n<p>Canadian University Dubai has not yet responded to Cointelegraph\u2019s request for comment.<\/p>\n<p><strong><em>Related: Crypto projects respond to privacy coin ban in Dubai<\/em><\/strong><\/p>\n<p>Right when Binance was eyeing a partnership with CUD, Dubai released crypto regulations for virtual asset service providers (VASPs) on Feb. 7. The Virtual Asset Regulatory Authority (VARA) issued its \u201cFull Market Product Regulations,\u201d which include four compulsory rulebooks and activity-specific rulebooks that lay down the rules for operating VASPs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u26a0\ufe0fDubai <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a><\/p>\n<p>Dubai&#8217;s Vurtual Assets and Regulatory Authority issued the long-awaited Full Market Regulations for Vurtual Assets Services Providers (VASPs).<\/p>\n<p>\u2014 Irina \u20bf. Heaver (@IrinaHeaver) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IrinaHeaver\/status\/1622902878795866119?ref_src=twsrc%5Etfw\">February 7, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cRegulatory certainty is very good for business. It is good for consumers, investors and for the Emirate of Dubai. The regulations are long-awaited and mostly welcomed,\u201d said Irina Heaver, a crypto and blockchain lawyer based in the United Arab Emirates, speaking to Cointelegraph.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/canadian-university-dubai-backtracks-on-accepting-crypto-via-binance-pay\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Canadian University Dubai backtracks on accepting crypto via Binance Pay &#8220; Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative. CUD, a private university in Dubai, was seemingly interested in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":550914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/9cfacc4f-0cd1-4942-96d3-a1c37694d936.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74863,97495,80064,74355,117,22974,71644,72927,47020,70438],"class_list":["post-550913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-cryptocurrencies","tag-integration","tag-partnership","tag-adoption","tag-business","tag-canada","tag-dubai","tag-fees","tag-students","tag-universities"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=550913"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/550914"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=550913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=550913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=550913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}