The United Arab Emirates has officially authorized the use of cryptocurrency for paying Dubai government fees through a partnership with Crypto․com and the Dubai Department of Finance. This new service allows residents to make payments in crypto, with all transactions settled in UAE dirhams or CBUAE-approved dirham-backed stablecoins under the Central Bank's Stored Value Facilities framework. To utilize this service, users must be onboarded through Crypto․com's VARA-licensed platform.
This initiative aligns with Dubai's Cashless Strategy and may expand to include Emirates Airline and Dubai Duty Free, pending further approvals. The move marks a significant step in integrating cryptocurrency into everyday financial transactions in the UAE.
UAE Enables Crypto Payments for Dubai Government Fees via Crypto․com
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