The Dubai Government Ministry of Finance, responsible for the development of the general annual budget and its execution (DOF), will allow government service costs to be paid in crypto using the crypto exchange regulated by crypto.com water. The understanding of understanding (Mou) was signed with Crypto.com, was signed at the Dubai Fintech Summit.
Depending on the position, the initiative marks an important step in the progress of digital finance worldwide.
Dubai Finance (DOF) has signed a memorandum of understanding (Mou) with https://t.co/hznta4pnxbA cryptocurrency trading platform recognized worldwide, to allow payment of government service costs using cryptocurrencies-an initiative that marks an important step in advancement … pic.twitter.com/ioh7koz50p
– Dubai Media Office (@dxbmediaoffice) May 12, 2025
According to news, once the system is activated, individuals and businesses will be able to use the Crypto.com digital portfolio to pay government services. The platform will convert cryptographic payments into AED and safely transfer funds to Dubai financial accounts.
This decision supports Dubai's strategy without species, which aims to stimulate the local economy and strengthen Dubai's position as a world leader in financial innovation and digital transformation.
Managers say that the initiative marks a major step towards a entirely digital and unndeyred government which adopts secure financial solutions, inclusive and practiced by the future.
Emarat gas stations allow cryptographic payments
The United Arab Emirates is witnessing an increasingly used use of crypto for purchases, whether in the real estate sector or even in daily life. In addition, crypto exchanges and guards associate themselves with government establishments and financial institutions to offer cryptographic asset services.
Earlier, Crypto.com Exchange has teamed up with Emarat Energy Company to offer cryptographic payment options in certain Emarat service stations. Emarat performs more than 155 water service stations. The configuration of crypto fuel stations indicates a transition to new payment methods.
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