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The Ministry of Finance in the Dubai government, responsible for developing and implementing the public annual budget (DOF), will enable the payment of government service fees in Crypto using Crypto.com Global Crypto Exchange. The Memorandum of Understanding (MO) was signed with Crypto.com, at the Dubai Fintech Summit.
According to this post, the initiative is an important step in the progress of digital financing on a global scale.
Dubai Financial (DOF) signed a memorandum of understanding with https://t.co/hznta4pnxbThe internationally recognized cryptocurrency trading platform, to enable the payment of government service fees using encrypted currencies – an initiative that represents an important step in progress … pic.twitter.com/ioh7koz50p
Dubai Media Office (DXBMediaoffice) May 12, 2025
According to the news, as soon as the system is activated, individuals and companies will be able to use the Crypto.com digital wallet to pay the price of government services. The platform will transfer encryption payments to AED and safely transfer money to Dubai’s financial accounts.
This step supports Dubai’s non -monetary strategy, which aims to enhance the local economy and enhance Dubai’s position as a global pioneer in financial innovation and digital transformation.
Officials say the initiative represents a major step towards a completely non -cash government, which embraces safe, comprehensive and ready -made financial solutions in the future.
EMARAT gas stations allow coding payments
The United Arab Emirates is witnessing more and more used for purchasing purchases, whether in the real estate sector or even in daily life. Moreover, encryption exchanges and guardians cooperate with government and financial institutions to provide encryption asset services in a simple transparent way.
Earlier, Crypto.com Exchang made a partnership with Email Energy Company to provide encryption options at the specified EMARAT service. EMARAT runs more than 155 service stations across the United Arab Emirates. The preparation of encryption fuel stations indicates a shift towards new payment methods.
The main difference wireCrypto Secret Tool projects are used to get guaranteed media coverage
