Cryptocurrency

Dubai Embraces Cryptocurrency: Crypto.com to Enable Government Fee Payments

Dubai’s Department of Finance (DOF) has made a pioneering step to develop its digital finance terrain as it signs a Memorandum of Understanding (MoU)with global cryptocurrency platform Crypto.com to allow customers to pay government service fees using the cryptocurrencies. This critical step underscores the Dubai Cashless Strategy and makes Dubai a world pioneer in financial innovation.

Made at the sidelines of Dubai FinTech Summit 2025, the deal was formalized in front of top government representatives such as Abdulla Mohammed Al Basti Secretary General of The Executive Council of Dubai and Abdulrahman Saleh Al Saleh Director General of DOF. The signing was signed by Ahmad Ali Meftah, Executive of Central Accounts at DOF and Mohammed Al Hakim President of Crypto.com UAE, licensed by Dubai’s Virtual Assets Regulatory Authority (VARA).

This partnership compliments the Dubai Economic Agenda D33 and it will ensure secure frictionless cryptocurrency payment for all government services. It underlines Dubai’s plans to evolve into a cashless society entirely by 2026 and to make more than 90% of transactions digital.

Eric Anziani, Crypto.com’s President and COO, called the deal a world’s first while taking pride in helping Dubai go digital. When it is rolled out, Crypto.com will convert crypto payments to dirhams and safely transfer to Dubai Finance accounts.

The officials stressed that the partnership not only provides assistance to innovation and economic growth but also increases customer confidence in the government services. Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, said that this initiative could bring AED 8 billion to Dubai’s economy per annum.

Dubai’s leadership status as the vanguard of digital finance gets established, and a new benchmark for leading the way in public sector innovation is established worldwide by the incorporation of cryptocurrency into government payments.

Web Desk

Recent Posts

Dubai’s Museum of the Future Welcomes 4 Million Visitors Ahead of 4th Anniversary

Since its inauguration in February 2022, the Museum of the Future in Dubai has attracted…

2 days ago

Dubai Entrepreneur Manan Shaikh Driving Business Growth Across the UAE

In the fast-paced world of UAE business, one name stands out for his relentless execution…

2 weeks ago

Top 3 Adrenaline Adventures to Experience in Dubai Right Now

Dubai is where you need to be when you are in pursuit of thrills over…

2 weeks ago

UAE Holidays 2026: Long Weekends and Public Breaks to Expect

Some of the many long weekends and extended public holidays in the calendar to be…

2 weeks ago

UAE Celebrates Union Pledge Day on July 18 to Honour National Unity

July 18 is Union Pledge Day in the United Arab Emirates, a semi-official national holiday…

3 weeks ago

Legacy of the Khans: Ustad Rahat Fateh Ali Khan and Shazman Ali Khan Live in Dubai

The emirate of Dubai will witness a historic musical concert as Ustad Rahat Fateh Ali…

3 weeks ago