Dubai to Accept Crypto for Government Services in Partnership With Crypto.com
The government of Dubai will soon allow residents and businesses to pay for government services using cryptocurrency. The move, made possible through a new partnership with global crypto platform Crypto.com, aims to embed digital assets in public finance at scale.New Payment Model Backed by Dubai InstitutionsThe Dubai Department of Finance (DOF) formalized the agreement during the Dubai FinTech Summit. Key government figures, including Secretary General of the Executive Council Abdulla Mohammed Al Basti and Director General of DOF Abdulrahman Saleh Al Saleh, oversaw the signing of a Memorandum 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— Dubai Media Office (@DXBMediaOffice) May 12, 2025The partnership aims to implement the Dubai Cashless Strategy by offering a channel for paying government fees with cryptocurrency wallets. The technical infrastructure will allow Crypto.com to convert digital assets into dirhams and transfer the funds to DOF, ensuring compliance and security.Commenting about the move, Eric Anziani, the President and COO of Crypto.com, said: "The Government of Dubai has been a true global visionary with its plans for a cashless society. We are proud to be selected to support Dubai’s Department of Finance as part of this initiative, which sees Crypto.com enable the delivery of the first comprehensive and holistic Government-wide implementation of payment digitisation."The agreement supports the emirate’s ambition to lead in financial innovation and digital transformation. The shift aligns with the broader goals of the Dubai Economic Agenda D33, a long-term plan to boost the city’s position as a global economic and innovation hub.Officials view the initiative as a gateway to more inclusive and efficient services. Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, highlighted that the goal is for over 90% of all public and private sector transactions to be cashless by 2026. Crypto.com Steps into Public Sector RoleOnce the system goes live, Dubai’s residents and businesses will be able to pay for public services directly through their crypto wallets. The crypto-to-dirham conversion will be handled by Crypto.com behind the scenes, offering a seamless user experience.Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.
The government of Dubai will soon allow residents and businesses to pay for government services using cryptocurrency. The move, made possible through a new partnership with global crypto platform Crypto.com, aims to embed digital assets in public finance at scale.
New Payment Model Backed by Dubai Institutions
The Dubai Department of Finance (DOF) formalized the agreement during the Dubai FinTech Summit. Key government figures, including Secretary General of the Executive Council Abdulla Mohammed Al Basti and Director General of DOF Abdulrahman Saleh Al Saleh, oversaw the signing of a Memorandum 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— Dubai Media Office (@DXBMediaOffice) May 12, 2025
The partnership aims to implement the Dubai Cashless Strategy by offering a channel for paying government fees with cryptocurrency wallets. The technical infrastructure will allow Crypto.com to convert digital assets into dirhams and transfer the funds to DOF, ensuring compliance and security.
Commenting about the move, Eric Anziani, the President and COO of Crypto.com, said: "The Government of Dubai has been a true global visionary with its plans for a cashless society. We are proud to be selected to support Dubai’s Department of Finance as part of this initiative, which sees Crypto.com enable the delivery of the first comprehensive and holistic Government-wide implementation of payment digitisation."
The agreement supports the emirate’s ambition to lead in financial innovation and digital transformation. The shift aligns with the broader goals of the Dubai Economic Agenda D33, a long-term plan to boost the city’s position as a global economic and innovation hub.
Officials view the initiative as a gateway to more inclusive and efficient services. Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, highlighted that the goal is for over 90% of all public and private sector transactions to be cashless by 2026.
Crypto.com Steps into Public Sector Role
Once the system goes live, Dubai’s residents and businesses will be able to pay for public services directly through their crypto wallets. The crypto-to-dirham conversion will be handled by Crypto.com behind the scenes, offering a seamless user experience.
Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.
