US EditionDubai Government Opens Door to Accepting Crypto for Service Fees
- On May 12, 2025, Dubai's Department of Finance signed a memorandum of understanding with Crypto.com to facilitate settling government service charges through cryptocurrency transactions.
- This agreement supports Dubai's Cashless Strategy, which seeks to digitize the vast majority of monetary transactions across both government and private entities by 2026, in line with the vision of Sheikh Mohammed bin Rashid Al Maktoum.
- Following finalization of the technical setup, the collaboration will enable users to utilize Crypto.com's licensed digital wallet to convert cryptocurrency into local currency, with funds then directed to Dubai Finance’s accounts to facilitate secure and efficient government fee payments.
- Abdulrahman Saleh Al Saleh remarked the MoU “accelerates the strategy’s objectives” aligning with Dubai's goal to enhance its global standing in digital payments as part of a digital economic transformation.
- This initiative establishes Dubai as a leading center for financial innovation, supporting economic expansion projected to contribute billions of dirhams each year, while advancing the city’s goal of becoming a fully digital, cash-free society.
36 Articles
36 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 Partners with Crypto.com to Enable Crypto Payments for Government Services - CryptoShrypto
In a landmark move toward becoming a cashless economy, the Government of Dubai has signed an agreement with global cryptocurrency exchange Crypto.com to enable crypto payments for government services. The deal was finalized during the Dubai Fintech Summit on May 12, as part of the city’s broader Cashless Strategy aimed at fostering a fully digital society. According to a statement from the Dubai Department of Finance (DOF), individuals and busin…
Dubai Government Announces Partnership With Crypto.com To Accept Payments in Digital Assets - The Daily Hodl
Dubai is partnering with the exchange Crypto.com to accept digital assets for government fees. The emirate’s Department of Finance (DOF) signed the memorandum of understanding (MoU) with the crypto firm as part of its ongoing “cashless strategy.” Dubai aims to conduct more than 90% of financial transactions across both the public and private sectors through cashless methods by next year. When the agreement is finalized, individual and business c…
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