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The Crypto.com logo is displayed on the phone screen with the submission of cryptocurrencies.
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Department of Finance Dubai announced Partnership with Crypto Platform Crypto.com This will pay the public service for cryptocurrency.
A memorandum of understanding between government officials Dubai and Mohammed Al Hakim, President of Crypto.com UAE, was signed on Monday on the sidelines of the Dubai summit.
In a press release, government officials said the partnership will help achieve a “non -cash strategy of Dubai”, which seeks to consolidate the status of Dubai as a leading digital city. The strategy is aimed at achieving 90% of non -cash operations in the public and private sectors of Dubai by 2026.
Once the technical agreements are initiated, people and “state structures” will be able to pay for services through digital wallets at crypto.com.
“The platform will reliably convert these payments to Emirate’s dirhams and transfer them to financial accounts in Dubai, providing orderly, safe and innovative payment bases,” Dubai Finance added.
Al Khimi Crypto.com called the initiative “a truly global program”. However, the message did not specify what types of digital currencies would be accepted by the Ministry of Finance, or for which the types of state fees covered by the agreement.
Crypto.com And Dubai Finance did not immediately respond to a request from CNBC.
Crypto.com first received a license For its Dubai subject, she offered a regulated virtual asset service in 2023. Last month, the company stated Limited License offer derivatives.
Dubai was Bet on the krypto -branch For many years, within its ambitions, becoming a global technology center.
