In a groundbreaking move toward a fully digital economy, Dubai’s Department of Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, paving the way for citizens and businesses to pay government service fees using cryptocurrencies.
The MoU was signed during the Dubai FinTech Summit, in the presence of top government leaders, including Abdulla Mohammed Al Basti, Secretary-General of The Executive Council of Dubai, and Abdulrahman Saleh Al Saleh, Director-General of DOF. This move marks a bold step toward a cashless future, reinforcing Dubai’s global leadership in digital finance innovation.
Key Highlights of the Agreement with Crypto.com
- ✅ Crypto payments will soon be usable across Dubai government platforms
- ✅ The initiative supports the Dubai Cashless Strategy, targeting 90% digital transactions by 2026
- ✅ Crypto.com, licensed by Dubai’s Virtual Assets Regulatory Authority (VARA), will power this integration
- ✅ Payments will be made in stablecoins and converted into AED before being deposited into government accounts
What the Leaders Are Saying
Abdulla Mohammed Al Basti
“By adopting secure crypto solutions, Dubai is staying ahead of global financial trends. This initiative will streamline government transactions, meet future needs, and fuel financial innovation.“
Abdulrahman Saleh Al Saleh, DOF Director-General
“Our partnership with Crypto.com is a key driver of the Dubai Cashless Strategy. It aligns with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision of making Dubai a global digital payments leader.”
Eric Anziani, President & COO, Crypto.com
“We’re honored to be part of this pioneering initiative. Dubai’s leadership in digital finance sets the stage for a future-ready, cashless economy.”
How will it work with Crypto.com and Dubai Govt?
Once fully implemented, customers will be able to pay government service fees using Crypto.com’s digital wallet. The system will:
- ✅ Accept stable cryptocurrencies
- ✅ Convert payments instantly into AED
- ✅ Transfer funds securely to Dubai Finance accounts
This means seamless, fast, and secure crypto payments—whether you’re renewing a license, paying a fine, or accessing any other government service.
Why This Matters
This collaboration highlights how public-private partnerships can fast-track innovation. It positions Dubai as one of the first governments in the world to integrate cryptocurrency payments at scale into public services.
It also opens new doors for:
- Increased investor confidence in Dubai’s digital economy
- Boosting fintech growth in the region
- Enhancing business ease through modernized financial infrastructure
According to Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, this initiative could contribute an estimated AED 8 billion annually to Dubai’s economy.
What’s Next?
As technical arrangements are finalized, Dubai residents and companies will soon be able to:
- ✅ Pay for government services using crypto
- ✅ Enjoy fast, secure, and transparent transactions
- ✅ Benefit from a streamlined, futuristic payment experience