Dubai has initiated a pilot program to facilitate crypto-settled transactions for government services, though direct Ethereum (ETH) acceptance is not confirmed. The Dubai Department of Finance is collaborating with regulated partners to process digital asset payments, converting them into UAE dirham (AED) before final settlement. This move aligns with Dubai's digital transformation strategy, emphasizing compliance and regulatory oversight. The Central Bank of UAE maintains strict protocols to ensure government treasury operations are conducted in local currency, despite the technical validation of crypto-to-fiat settlement frameworks.
Dubai Launches Crypto Payment Pilot for Government Services
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