Canadian University Dubai’s Crypto Partnership with Binance Pay Stalls Due to Technical Issues
The Canadian University Dubai (CUD), a private university located in Dubai, recently announced its partnership with Binance Pay to accept course fees in cryptocurrencies.
The move would have allowed domestic and international students to pay their tuition fees using various cryptocurrencies.
Binance Pay, a payment gateway service launched by Binance, supports over 200 cryptocurrencies, including Bitcoin, Dogecoin, and Ethereum, and charges zero fees per transaction.
However, a technical roadblock only a day after the announcement put a damper on the excitement for the short-lived initiative.
Despite this setback, Binance hosted a cryptocurrency workshop and information session for CUD students where they were taught about blockchain and crypto fundamentals, Web3, and the metaverse.
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The university has not yet commented on the situation. Still, the recent release of crypto regulations for virtual asset service providers (VASPs) in Dubai by the Virtual Asset Regulatory Authority may have played a role in the setback.
Irina Heaver, a crypto and blockchain lawyer based in the United Arab Emirates, stated that the regulations are “long-awaited and most welcomed.”
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
