Dubai's Department of Finance has signed an agreement with global cryptocurrency trading platform Crypto.com to enable the payment of government service fees using cryptocurrency.
The Memorandum of Understanding was signed at the Dubai FinTech Summit in the presence of senior officials.
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 Emirati dirhams 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.
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
— Dubai Media Office (@DXBMediaOffice) May 12, 2025
H.H. Sheikh Mohammed highlights expansion of economic ties with Africa
Abu Dhabi Airports posts strong passenger, cargo growth
New deal with Microsoft values OpenAI at $500 billion
Apple races past $4 trillion market value
Amazon targets as many as 30,000 corporate job cuts, sources say
