Dubai to accept Cryptocurrency for government service payments, first in world to do so
Updated: May 13th, 2025
The Government of Dubai has signed an MoU with Crypto.com to allow the payment of government service fees using cryptocurrencies. The agreement, formalised during the Dubai FinTech Summit, marks a milestone in Dubai’s push toward a fully digital economy.
Under the Department of Finance (DOF), the initiative supports the Dubai Cashless Strategy and aims to make over 90% of public and private sector transactions cashless by 2026. The partnership enables secure crypto transactions via Crypto.com wallets, which will convert payments to dirhams for deposit into government accounts.
The platform will convert these payments made to the government by crypto into Emirati dirhams and transfer them to Dubai Finance accounts, ensuring a secure payment framework.
Officials praised the move as a step toward financial innovation, sustainability, and economic growth, potentially adding AED 8 billion (US$2.17 billion) annually to the economy. The effort aligns with Dubai’s D33 Economic Agenda to solidify its global leadership in fintech and digital transformation.
Abdulla Mohammed Al Basti, Secretary General of The Executive Council of Dubai, affirmed that adopting secure cryptocurrency solutions within the Government of Dubai’s payment system reflects a proactive approach to anticipating future needs and responding to global economic and financial developments.
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