US EditionDubai Government Opens Door to Accepting Crypto for Service Fees
- On May 12, during the Dubai FinTech Summit, Dubai’s Department of Finance formalized an agreement with Crypto.com to enable the use of cryptocurrencies for settling fees associated with government services.
- The agreement supports Dubai's Cashless Strategy, aiming to shift over 90% of financial transactions to digital methods by 2026, aligning with the vision of Sheikh Mohammed bin Rashid Al Maktoum.
- Crypto.com, licensed by Dubai’s Virtual Assets Regulatory Authority, will enable seamless payment via digital wallets, converting cryptocurrencies to Emirati dirhams for government accounts.
- Officials stated the strategy could add at least AED 8 billion annually to Dubai's economy and described the initiative as a "truly global first programme" in digital government payments.
- The partnership represents a significant milestone in promoting Dubai’s financial innovation, supporting the city’s goal to become a leading center for digital financial services and cutting-edge fintech development.
28 Articles
28 Articles
Dubai Finance signs MoU with Crypto.com to enable cryptocurrency payments for government fees in pioneering global move
Partnership supports the Dubai Cashless Strategy by enabling secure, efficient and inclusive financial transactions through cryptocurrencies Initiative further strengthens Dubai’s position as a global hub for financial innovation Signing made on the sidelines of DOF and Crypto.com’s participation in the Dubai FinTech Summit Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a globally recognised cryptocurrency tr…
Dubai, Crypto.com Ink Deal to Process Payments for Government Services Via Crypto – Report Wire
Dubai’s Department of Finance (DOF) Plans to use cryptocurrencies to process payments for government services in the Emirates. In the days to come, Residents of Dubai will be able to pay for government services using cryptocurrency. On Tuesday, May 13, The Dof Announced A Partnership With Crypto.com, Onboarding it as the Crypto Payment Facilitator. Dubai Authorities see the move as a significant step towards advancing its digital finance capabil…
Dubai Partners With Crypto.com To Allow Crypto Payments For Government Fees
The city of Dubai and Crypto.com inked an MoU to allow crypto payments for government fees. The agreement harmonizes with the government’s cashless strategy initiative. The Dubai government and Crypto.com recently forged a memorandum of understanding (MoU). The agreement, inked by the jurisdiction’s Department of Finance (DOF) officials and Mohammed Al Hakin, president of the crypto exchange’s UAE wing, paves the way for people to settle governm…
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