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What To Know
- With this MoU, Dubai is set to redefine trade and customs, creating a faster, smarter, and more transparent system that leverages blockchain and crypto payments — making the emirate a global blueprint for the future of commerce.
- Richard Teng, CEO of Binance, added that the collaboration will launch innovative solutions to transform customs services locally and globally, reinforcing Dubai’s digital ecosystem and positioning the emirate at the forefront of the next-generation smart economy.
- Dubai Customs has signed a strategic Memorandum of Understanding (MoU) with Binance during Binance Blockchain Week 2025, signaling a major push to integrate digital assets and blockchain technology into trade and logistics.
Dubai is taking customs into the crypto age. Dubai Customs has signed a strategic Memorandum of Understanding (MoU) with Binance during Binance Blockchain Week 2025, signaling a major push to integrate digital assets and blockchain technology into trade and logistics.
The agreement reflects Dubai’s global leadership in adopting advanced government technologies and supports the emirate’s ambition to become a central hub for trade, fintech, and emerging tech startups. The MoU was signed by Dr. Abdulla Busenad, Director General of Dubai Customs, and Stephanie Emile, General Manager of Binance FZE in Dubai, with senior officials present from both sides.
This collaboration builds on Dubai Customs’ digital transformation, which has already introduced smart, automated systems for customs procedures. Now, the focus is on crypto-powered digital payments, enabling secure, fast, and borderless transactions through solutions like Binance Pay. This will streamline import-export operations, reduce transaction times, and provide SMEs with modern payment options that can help them access new global markets.
Sultan Ahmed bin Sulayem, Chairman of DP World and Ports, Customs & Free Zone Corporation, said the partnership strengthens Dubai’s position as a global digital economy leader, enhancing fintech, smart payments, and trade efficiency.
Dr. Busenad emphasized that integrating crypto-assets into commercial and logistics operations will boost efficiency, transparency, and competitiveness while supporting the Dubai Government’s vision of a technology-driven economy under the D33 Economic Agenda.
Richard Teng, CEO of Binance, added that the collaboration will launch innovative solutions to transform customs services locally and globally, reinforcing Dubai’s digital ecosystem and positioning the emirate at the forefront of the next-generation smart economy.
With this MoU, Dubai is set to redefine trade and customs, creating a faster, smarter, and more transparent system that leverages blockchain and crypto payments — making the emirate a global blueprint for the future of commerce.
