Dubai’s Division of Finance (DOF), on 12 Could 2025, signed a Memorandum of Understanding (MoU) with Crypto.com to allow crypto funds for numerous fee providers.
Because of this collaboration, residents and companies will have the ability to pay for providers like visa charges, licensing, and utilities with crypto through Dubai Pay, the federal government’s digital fee platform. A pilot program later this 12 months will begin the implementation of this service.
Crypto.com President Mohammed Al Hakim stated, “Today’s announcement represents significant progress for the adoption of digital finance with a comprehensive integration into the layers of government payments.” Notably, the corporate entered Dubai in 2023 after receiving its first Digital Asset Regulatory Authority (VARA) license.
is proud to be chosen to assist @DOF_Dubai in a world-first settlement to allow a Government-wide implementation of funds digitisation.
Learn extra pic.twitter.com/YbaoBChldI
— Crypto.com (@cryptocom) Could 13, 2025
Abdulrahman Saleh Al Saleh, Director Common of the Division of Finance, said, “We take great pride in Dubai Finance’s key role in driving the Dubai Cashless Strategy and shaping a distinctive digital financial future.”
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Hashkey Baggage VASP License Via VARA to Function within the UAE
Hashkey, on 12 Could 2025, introduced its official launch within the UAE with the institution of Hashkey International MENA. The Digital Asset Service Supplier (VASP) license that the corporate obtained via Dubai’s VARA permits Hashkey to supply crypto trade in addition to broker-dealer providers inside and from Dubai.
Sherif Sanad, nation supervisor, HashKey International MENA, said, “As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated, secure gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered.”
Going ahead, the Hashkey International MENA will give attention to offering people in addition to establishments within the area with regulated and safe entry to digital asset providers.
Moreover, fiat-to-crypto transactions in USD and AED shall be facilitated by the platform in collaboration with Normal Chartered, a world banking group headquartered in London, UK.
Additionally, the partnership will provide over-the-counter (OTC) buying and selling providers for established cryptocurrencies.
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Dirham-Primarily based Crypto Conversion Services Began by Mbank within the UAE
The UAE’s built-in digital financial institution, Al Maryah Group Financial institution (Mbank), together with crypto custodian Changer, introduced on 12 Could 2025, the launch of a dirham-based crypto conversion service.
The UAE’s central financial institution facilitates safe and regulatory-compliant escrow holding of AED funds utilizing Mbank’s digital infrastructure. Moreover, it permits the conversion of digital property and stablecoins, together with USDT and USDC, into AED via the Changer platform.
Mohammed Wassim Khayata, CEO of Mbank and a board member of Changer, said, “By providing AED Escrow Account Services to Changer, we ensure secure and regulated dirham-to-crypto conversions for Changer clients.”
Tarek Soubra, CTO at Mbank, continued, “Customers can now convert their cryptocurrencies into AED through Changer.ae and then use their converted AED funds immediately and seamlessly, with Mbank holding the AED funds in escrow. Alternatively, Mwallet customers can now receive their converted AED funds immediately into their wallets and use them for any supported transactions or for immediate cash withdrawal using a Jaywan ATM card.”
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Emarat and Crypto.com Collaborate to Deliver Crypto to Gas Stations within the UAE
Emarat, the state-owned gas retail firm, via its partnership with Crypto.com, has enabled prospects to pay for gas and different retail providers utilizing cryptocurrency.
The preliminary part of this integration, introduced on 8 Could 2025, shall be restricted to 10 Emarat gas stations throughout the UAE, with plans to allow crypto funds throughout its whole community.
Ali Khalifa Al Shamsi, Director-Common of Emarat, said, “Our partnership with Crypto.com reflects our commitment to innovation and providing customers with diverse payment options. This initiative is also in line with the UAE’s strategy to lead in digital finance and emerging technologies.”
Because of this, Prospects can now pay for gas utilizing Bitcoin and different digital property straight on the pump, bypassing conventional fiat transactions.
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Key Takeaways
- Emarat, in collaboration with Crypto.com, has enabled prospects to pay for gas and different retail providers utilizing cryptocurrency.
- Hashkey International MENA, now operational within the UAE, will facilitate Fiat-to-crypto transactions in USD and AED in collaboration with Normal Chartered
- Dubai DOF signed an MoU with Crypto.com to allow crypto funds for numerous authorities providers
The publish Dubai Cashless Strategy: Crypto.com Partners with Dubai Government for Payment Services appeared first on 99Bitcoins.
