Dubai signed a memorandum of understanding with crypto exchange Crypto.com on May 12, 2025 to enable cryptocurrency payments for public services becoming the first government globally to do so

Event date

May 12, 2025

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The agreement, formalized during the Dubai fintech Summit on May 12, is part of Dubai’s cashless strategy, which hopes to foster the city’s transition to “a fully digital, cashless society,” by introducing “a new digital payment channel across its official platforms,” the Dubai Department of Finance (DOF) said on May 12.

Dubai Finance (DOF) has partnered with cryptocurrency platform Crypto.com to enable cryptocurrency payments for government service fees, marking the first such initiative by a government globally, officials announced Monday.

The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services.

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Week 20 of 2025