Dubai did not specify which cryptocurrencies will be accepted for public services but indicated that payments will be made using “stable cryptocurrencies,” implying potential use of stablecoins
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The DOF didn’t specifically mention which crypto it would start accepting, but did say the payments could be made using “stable cryptocurrencies,” possibly indicating stablecoins will be allowed.
Under this partnership, Crypto.com will provide digital wallets that allow individuals and businesses to pay for government services using crypto. Although the Dubai Department of Finance (DOF) has not confirmed the accepted coins, it has hinted at the use of “stable cryptocurrencies.” All crypto payments will be instantly converted to dirhams and transferred to DOF accounts.
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