Dubai to Accept Crypto for Government Services in Partnership With Crypto.com

By: finance magnates|2025/05/12 19:00:11

The government of Dubai will soon allow residents andbusinesses to pay for government services using cryptocurrency. The move, madepossible through a new partnership with global crypto platform Crypto.com, aimsto embed digital assets in public finance at scale. New Payment Model Backed by Dubai Institutions The Dubai Department of Finance (DOF) formalized theagreement during the Dubai FinTech Summit. Key government figures, includingSecretary General of the Executive Council Abdulla Mohammed Al Basti andDirector General of DOF Abdulrahman Saleh Al Saleh, oversaw the signing of aMemorandum of Understanding (MoU) with Crypto.com. Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with https://t.co/HZnta4pnXb , a globally recognised cryptocurrency trading platform, to enable the payment of government service fees using cryptocurrencies—an initiative that marks a significant step in advancing... pic.twitter.com/iOh7kOz50p The partnership aims to implement the Dubai CashlessStrategy by offering a channel for paying government fees with cryptocurrencywallets. The technical infrastructure will allow Crypto.com to convert digitalassets into dirhams and transfer the funds to DOF, ensuring compliance andsecurity. Commenting about the move, Eric Anziani, the President andCOO of Crypto.com, said: "The Government of Dubai has been a true globalvisionary with its plans for a cashless society. We are proud to be selected tosupport Dubai’s Department of Finance as part of this initiative, which seesCrypto.com enable the delivery of the first comprehensive and holisticGovernment-wide implementation of payment digitisation." The agreement supports the emirate’s ambition to leadin financial innovation and digital transformation. The shift aligns with thebroader goals of the Dubai Economic Agenda D33, a long-term plan to boost thecity’s position as a global economic and innovation hub. Officials view the initiative as a gateway to moreinclusive and efficient services. Amna Mohammed Lootah, Director of DigitalPayment Systems Regulation, highlighted that the goal is for over 90% of allpublic and private sector transactions to be cashless by 2026. Crypto.com Steps into Public Sector Role Once the system goes live, Dubai’s residents andbusinesses will be able to pay for public services directly through theircrypto wallets. The crypto-to-dirham conversion will be handled by Crypto.combehind the scenes, offering a seamless user experience. Expect ongoing updates as this story evolves. The government of Dubai will soon allow residents andbusinesses to pay for government services using cryptocurrency. The move, madepossible through a new partnership with global crypto platform Crypto.com, aimsto embed digital assets in public finance at scale. New Payment Model Backed by Dubai Institutions The Dubai Department of Finance (DOF) formalized theagreement during the Dubai FinTech Summit. Key government figures, includingSecretary General of the Executive Council Abdulla Mohammed Al Basti andDirector General of DOF Abdulrahman Saleh Al Saleh, oversaw the signing of aMemorandum of Understanding (MoU) with Crypto.com. Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with https://t.co/HZnta4pnXb , a globally recognised cryptocurrency trading platform, to enable the payment of government service fees using cryptocurrencies—an initiative that marks a significant step in advancing... pic.twitter.com/iOh7kOz50p The partnership aims to implement the Dubai CashlessStrategy by offering a channel for paying government fees with cryptocurrencywallets. The technical infrastructure will allow Crypto.com to convert digitalassets into dirhams and transfer the funds to DOF, ensuring compliance andsecurity. Commenting about the move, Eric Anziani, the President andCOO of Crypto.com, said: "The Government of Dubai has been a true globalvisionary with its plans for a cashless society. We are proud to be selected tosupport Dubai’s Department of Finance as part of this initiative, which seesCrypto.com enable the delivery of the first comprehensive and holisticGovernment-wide implementation of payment digitisation." The agreement supports the emirate’s ambition to leadin financial innovation and digital transformation. The shift aligns with thebroader goals of the Dubai Economic Agenda D33, a long-term plan to boost thecity’s position as a global economic and innovation hub. Officials view the initiative as a gateway to moreinclusive and efficient services. Amna Mohammed Lootah, Director of DigitalPayment Systems Regulation, highlighted that the goal is for over 90% of allpublic and private sector transactions to be cashless by 2026. Crypto.com Steps into Public Sector Role Once the system goes live, Dubai’s residents andbusinesses will be able to pay for public services directly through theircrypto wallets. The crypto-to-dirham conversion will be handled by Crypto.combehind the scenes, offering a seamless user experience. Expect ongoing updates as this story evolves.

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