Dubai to accept Bitcoin as a payment option for government service fees

The Department of Finance in Dubai Government will allow government service fees to be paid in crypto using Crypto.com Global, a UAE-regulated crypto exchange. The Memorandum of Understanding (MoU) was signed with Crypto.com and was signed at the Dubai Fintech Summit.According to the post, the initiative marks a significant step in advancing digital finance on a global scale. Once the system is activated, individuals and businesses will be able to use the exchange’s wallet to pay for government services. The platform will convert crypto payments into AED and securely transfer the funds to Dubai Finance accounts.Dubai continues to deepen its crypto-focused movesThe move supports the Dubai Cashless Strategy, which aims to boost the local economy and strengthen Dubai’s position as a global leader in financial innovation and digital transformation. Officials say the initiative marks a major step toward a fully digital, cashless government that embraces secure, inclusive, and future-ready financial solutions.The UAE is witnessing more and more utilization of crypto for purchases, whether in the real estate sector or even in day-to-day life. Furthermore, crypto exchanges and custodians are partnering with governmental and financial institutions to offer crypto asset services in a transparent and simple way.Earlier, Crypto.com Exchange partnered with Emarat Energy Company to offer crypto payment options at select Emarat service stations. Emarat runs more than 155 service stations across the UAE. The setup of crypto fuel stations signals a shift towards new payment methods.The post Dubai to accept Bitcoin as a payment option for government service fees first appeared on Coinfea.