Dubai runs a crypto payment for public services

Dubai enhances his game in digital finances. In a major move, the Government has joined with crypto.com to allow residents and companies to pay government services using the Crypto Currency. The news was announced At the Dubai Fintech summit, where the job is formalized between the Ministry of Finance and Crypto.com in Dubai.

How it works

The system will use Wallet.com infrastructure to process payment, converting cryptocurrencies into dirhams (AED) before sending them to state accounts. Although the exact crypts of the currencies were accepted were not appointed, the statement confirmed that Stablecoins would be used to secure smooth and safe transactions. The feature will go live after technical integration has been completed.

Crypto finds home in Dubai

It’s not just about cryptocurrency, but it’s part of the wider push of Dubai towards a completely unconscious economy. In October 2024, the Emirate launched its “cashless strategy”, with the aim of having over 90% of financial transactions digitally by 2026. The government is already 97% digital in its payment systems, and this new partnership has been designed to speed up that final pressure.

High -level officials, including Abdulla Mohammed al Basti and Abdulrahman Saleh Al Saleh, supported the agreement, expiration As it fits into the Economic Plan D33 in Dubai – a plan for the city to become a global innovation center. Meanwhile, UAE Crypto.com, Mohammed al-Hakim, emphasized the agreement as a step forward in normalizing cryptocurrencies in everyday life.

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And real estate go crypto

The shift is not limited to government services. Projects on the private sector, including the Trump International Hotel and Tower in Dubai, have already announced plans for accepting crypto payments, showing that digital assets become the main in the city’s real estate market.

Overall, Dubai not only experimenting with crypto, but does it. From the payment of bills to the purchase of property, the city builds a case in the real world for digital currencies, positioning itself as a serious global leader in Fintech innovation. Will it be a threat to now? We have to wait and watch.

Can I use Crypto.com in Dubai?

Yes, Crypto.com is available in Dubai and united with the Government to allow payments based in cryptocurrencies.

Is Dubai crypto tax without a crypto?

Yes, Dubai does not have a capital gain tax on cryptocurrency, making it a tax location for digital property owners.

Is Dubai Krypto Friendly?

Absolutely. Dubai supports the adoption of cryptocurrencies with regulations, partnerships and integration in the real world.