Dubai Cashless Strategy: Crypto.com Partners with Dubai Government for Payment Services

On May 12, 2025, the Ministry of Finance in Dubai signed the Memorandum of Understanding (MO) with Crypto.com to enable encryption payments for various payment services.

As a result of this cooperation, the population and companies will be able to pay the price of services such as visa fees, licensing and facilities with Crypto via Dubai Pay, the government’s digital payment platform. A experimental program later this year will start implementing this service.

“Today’s announcement is a great progress in accommodation of digital financing with a comprehensive integration in the layers of government payments,” said Crypto.com President Mohamed Al -Hakim. It is worth noting that the company entered Dubai in 2023 after receiving the first license to the Virtual Assets Regulatory Authority (VARA).

https://t.co/vcnztatkng is proud to choose to support him Do_dubai In a global agreement to enable implementation at the government level to digitize payments.

Read more https://t.co/1ujbe7yeh7 pic.twitter.com/ybaobchldi

– Crypto.com (Cryptocom) May 13, 2025

“We are proud of Dubai’s main role in leading Dubai’s non -monetary strategy and forming a distinctive digital future.”

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Hashkey Bags Vasp Licent through VARA to work in the United Arab Emirates

Hashkey announced, on May 12, 2025, its official launch in the Emirates with the creation of Hashkey Global Mena. The virtual asset service license (VASP) that the company obtained through VARA in Dubai, Hashkey allows the provision of Exchange Crypto as well as broker services inside and and to Dubai.

“As a licensed platform, Hashkey Global Mena embraces institutional needs by providing a safe and safe gate for Fiat-Cripto transactions, supported by institutional guarantees and strategic partnerships such as standard usual,” said Sharif Sanad, the rural director, Hashki Global Minya.

To move forward, Hashkey Global Mena will focus on providing individuals and institutions in the region with an organized and safe access to virtual asset services.

Moreover, FIAT-TO-Crypto Transactions in the US dollar and AED will be facilitated by the platform in cooperation with Standard Charged, an international banking group based in London, UK.

Also, the partnership will provide trading services outside the stock exchange (OTC) in the applicable cryptocurrency.

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Dirham -based encryption services that MBANK started in the United Arab Emirates

The built -in digital bank in the United Arab Emirates, Maria Community Bank (MBANK), as well as Crypto Cussodian, on May 12, 2025, announced the launch of the Dirham -based encryption service.

The Central Bank of the United Arab Emirates facilitates the safe reservation and the AED money using the MBANK digital infrastructure. In addition, it allows the conversion of digital assets, stablecoins, including USDT and USDC, to AED through a change platform.

“By providing AED guarantee account services for the variable, we guarantee safe and organized transfers for Dirham-To-Crypto for Change Customers,” said Mohamed Fasim Khaiya, CEO of MBANK and Changer Board of Directors.

“Customer can now convert encrypted currencies to AED through Changer.ae and then use their money converted immediately and smoothly, with mbank they keep their money in AED. Card.”

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Email and Crypto.com cooperating to bring encryption to fuel stations in the United Arab Emirates

EMARAT, the state -owned fuel, enabled its partnership with Crypto.com, to customers, to pay the price of retail and other retail services using the encrypted currency.

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 enable encryption payments through its entire network.

“Our partnership with Crypto.com reflects our commitment to innovation and providing customers with various payment options. This initiative is also in line with the United Arab Emirates’s strategy for its leadership in digital financing and emerging technologies.”

As a result, customers can now pay the price of fuel using bitcoin and other digital assets directly in the pump, bypassing traditional FIAT transactions.

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Non -Monetary Dubai Strategy: Crypto.com appeared with the Dubai Payment Services Government first on 99bitcoins.