The Dubai Finance Department (DOF), May 12, 2025, signed a memorandum of understanding (MOU) with Crypto.com to allow cryptographic payments for various payment services.
Following this collaboration, residents and companies will be able to pay services such as visa costs, licenses and public services with Crypto via Dubai Pay, the government’s digital payment platform. A pilot program later this year will begin the implementation of this service.
The president of Crypto.com, Mohammed Al Hakim, said: “Today’s announcement represents significant progress for the adoption of digital finance with complete integration in the diapers of government payments.” In particular, the company entered Dubai in 2023 after receiving its first Virtual Asset Regulatory Authority license (Vara).
is proud to be selected to support @Dof_dubai In a first global agreement to allow the government’s digitization of payments to the government’s scale.
Learn more
pic.twitter.com/ybaobchldi
– crypto.com (@cryptocom) May 13, 2025
Abdulrahman Saleh Al Saleh, Director General of the Ministry of Finance, said: “We are very proud of the key role of Dubai Finance in the conduct of Dubai species and shaping a distinctive digital future.”
Explore: Best corner ico even to invest in 2025
Hashkey bags vasp license via vara to operate on water
Hashkey, May 12, 2025, announced its official launch to water with the creation of Hashkey Global Mena. The Virtual Asset Service Provider (VASP) license that the company obtained via Vara de Dubai allows Hashkey to provide exchanges of crypto as well as broker services inside and from Dubai.
Sherif Sanad, Country Manager, Hashkey Global Mena, said: “As an approved platform, Hashkey Global MENA adopts institutional needs by offering a regulated and secure gateway for Fiat-Crypto transactions, supported by institutional quality guarantees and strategic partnerships like Standard Chartered.”
In the future, the Hashkey Global Mena will focus on the supply of people as well as institutions in the region with regulated and secure access to virtual asset services.
In addition, Fiat-to Crypto transactions in USD and AED will be facilitated by the platform in collaboration with Standard Charterd, an international banking group whose headquarters in London, in the United Kingdom.
In addition, the partnership will offer over-the-counter commercial services (OTC) against established cryptocurrencies.
Explore: The hottest 12+ warnings of cryptography to buy now
Crypto conversion services based in Dirham launched by Mbank to water
The integrated digital bank of water, Al Maryah Community Bank (Mbank), as well as Crypto Gustodian Change, announced on May 12, 2025, the launch of a Crypto conversion service based in Dirham.
The Central Bank of the United Arab Emirates facilitates secure whole holding and in accordance with the regulation of AED funds using Mbank’s digital infrastructure. In addition, it allows the conversion of digital assets and stablecoins, including USDT and USDC, in AED via the change platform.
Mohammed Wassim Khayata, CEO of Mbank and member of the Board of Directors to change, said: “By providing full account services to AED entirely changing, we guarantee the secure and regulated conversions of Dirham-to Crypto for Changers.”
Tarek Soubra, CTO in Mbank, continued: “Customers can now convert their cryptocurrencies to AED via Change.Ae, then use their AED funds immediately converted and transparently, with Mbank holding the AED funds in fraud. map.”
Explore: TOP Solana same corners to buy in 2025
Emarat and Crypto.com collaborate to bring the crypto to the water fuel stations
Emarat, the retail company of state fuel, thanks to its partnership with Crypto.com, allowed customers to pay fuel and other retail services using the cryptocurrency.
The initial phase of this integration, announced on May 8, 2025, will be limited to 10 Emarat fuel stations through the United Arab Emirates, with plans to allow crypto payments to its entire network.
Ali Khalifa Al Shamsi, CEO of Emarat, said: “Our partnership with Crypto.com reflects our commitment to innovation and the supply to customers of various payment options. This initiative also complies with the water strategy to direct digital finance and emerging technologies. ”
Consequently, customers can now pay fuel using Bitcoin and other digital assets directly at the pump, bypassing traditional fiat transactions.
Explore: 20+ Next Crypto to explode in 2025
Key dishes to remember
-
Emarat, in collaboration with Crypto.com, allowed customers to pay fuel and other retail services using cryptocurrency.
-
Hashkey Global Mena, now operational to water, will facilitate Fiat-to Crypto transactions in USD and AED in collaboration with Standard Charter
-
Dubai DOF has signed a memorandum of understanding with crypto.com to allow cryptographic payments for various government services
The post Dubai Species without species: Crypto.com is associated with the Government of Dubai for payment services appeared first on 99Bitcoins.
