Dubai Finance (DOF) has signed an agreement with global cryptocurrency platform Crypto.com to accept cryptocurrency payments for government services. This move supports Dubai’s Cashless Strategy and strengthens its position as a digital finance pioneer.
The signing took place at the Dubai FinTech Summit, held at Dubai International Financial Centre. It was witnessed by Abdulla Mohammed Al Basti, Secretary-General of The Executive Council of Dubai, and Abdulrahman Saleh Al Saleh, Director-General of DOF. Ahmad Ali Meftah, Executive Director at DOF, and Mohammed Al Hakim, President of Crypto.com UAE, formalised the deal. Crypto.com is licensed by the Virtual Assets Regulatory Authority (VARA).
This strategic initiative introduces a new crypto-based payment channel across government platforms. It enables secure and seamless transactions using stablecoins and marks a major milestone in the emirate’s digital finance journey.
Boosting Innovation and Supporting D33 Agenda
The agreement plays a key role in achieving Dubai’s Economic Agenda D33. It also aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to lead in digital transformation. The new system is expected to drive efficiency and provide better experiences for both residents and businesses.
“Dubai continues to evolve by leveraging coordinated efforts across sectors,” said Abdulla Al Basti. “By using the latest secure financial technology, we can streamline transactions, support innovation, and meet the expectations of our people.”
Abdulrahman Al Saleh added, “Dubai Finance is proud to help shape a digital future. This MoU supports our leadership in digital payments and brings us closer to a cashless economy.”
Eric Anziani, President and COO of Crypto.com, praised the emirate’s progress. “Dubai is a global leader in the shift toward a cashless society. We are honoured to help deliver this government-wide digital payment transformation.”
A Model for Future-Ready Finance
Amna Mohammed Lootah, Director of Digital Payment Systems Regulation, noted that the Dubai Cashless Strategy aims to process over 90% of all transactions digitally by 2026. The new crypto option will accelerate this goal and attract further innovation.
According to Ahmad Ali Meftah, public-private collaboration is vital for success. “We are building an advanced regulatory system that ensures security while encouraging innovation. This builds trust in government services and supports sustainable growth.”
Mohammed Al Hakim called the partnership a “global first” for government crypto adoption. He said it reflects Dubai’s leadership in integrating digital finance into public services.
Once the technical systems are in place, individuals and businesses will be able to use Crypto.com wallets to pay government fees. These payments will be converted into Emirati dirhams and deposited into Dubai Finance accounts, ensuring fast and secure transactions.
