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The Dubai Department of Finance (DOF) is opening the door for government service payments to be made using cryptocurrencies through its collaboration with the globally recognized crypto platform Crypto.com. This agreement represents a global first in the field of digital finance.
Crypto.com, licensed by the Dubai Virtual Assets Regulatory Authority (VARA), is operating officially in the region. The signing ceremony took place during the Dubai FinTech Summit at the Dubai International Financial Centre. This partnership marks a significant step in Dubai’s digital finance vision.
Crypto Power Behind Dubai’s Cashless Strategy
This strategic collaboration will accelerate the implementation of Dubai’s Cashless Society Vision. Through this new payment channel, which will enable secure and efficient payments with cryptocurrencies, payments for government services can now be made using digital currencies. With this move, Dubai is crossing an important threshold in its transition to a fully digital financial infrastructure.
A New Era in Government Payments with Crypto
Director General of DOF, Abdulrahman Saleh Al Saleh, stated, “We take pride in leading Dubai’s cashless society strategy. This agreement with Crypto.com fully aligns with our vision to strengthen digital payment systems.” He emphasized that Dubai’s determination in this field contributes to global goals to grow the digital financial ecosystem.
Eric Anziani, President and COO of Crypto.com, said, “Dubai demonstrates global visionary leadership in digital payments. We are honored to play a role in this transformation.” He added that Crypto.com will implement the first comprehensive crypto payment infrastructure across government entities through this partnership.
Mohammed Al Hakim, President of Crypto.com UAE, stated, “The agreement announced today represents a significant step in integrating crypto into government digital payment systems. This collaboration is part of the D33 Agenda and reflects Dubai’s commitment to sustainable economic diversification.”
Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, noted that this agreement is among the first initiatives globally enabling crypto payments for government services. She added that the goal is to conduct over 90% of public and private sector transactions via cashless methods by 2026.
The strategy is expected to drive at least AED 8 billion in annual economic growth, supported by the development of next-generation financial technology services and the rapid expansion of Dubai’s fintech sector.
When Will Crypto Payments Begin?
Once the required technical infrastructure is completed, individuals and businesses benefitting from government services will be able to make payments directly via Crypto.com’s digital wallets. The platform will securely convert these payments into UAE dirhams and transfer them to DOF accounts—thus establishing a next-generation payment system.