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Dubai to allow payment of government service fees using crypto

ByLara Abdul MalakLara Abdul Malak
1 mins read
Dubai to allow payment of government service fees using crypto
  • Dubai government fees will soon be paid in crypto
  • Crypto.com to support crypto payments in government and gas stations

The Department of Finance in Dubai Government, responsible for the development of the general annual budget and its execution (DOF), will enable government service fees to be paid in crypto using Crypto.com global UAE-regulated crypto exchange. The Memorandum of Understanding (MoU) was signed with Crypto.com, was signed at the Dubai Fintech Summit.

As per the post, the initiative marks a significant step in advancing digital finance on a global scale.

As per the news, once the system is activated, individuals and businesses will be able to use Crypto.com’s digital wallet to pay for government services. The platform will convert crypto payments into AED and securely transfer the funds to Dubai Finance accounts.

The 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.

Emarat gas stations enable crypto payments

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 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.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Lara Abdul Malak

Lara Abdul Malak

Lara Abdul Malak is a tech journalist for more than 15 years. She covers blockchain, crypto, tokenization and Web3 news coming out of the MENA region. She wrote for Cointelegraph Arabic Middle East. She studied political science at the American University of Beirut. She got interested in blockchain after interviewing Vitalik Buterin in 2014.

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