preCharge News BUSINESS — Dubai’s Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with large-cap cryptocurrencies.

The memorandum of understanding between Dubai government officials and Mohammed Al Hakim, president of Crypto.com UAE, was signed Monday on the sidelines of the Dubai FinTech Summit.

Service payments

Once technical arrangements for the initiative are finalized, individuals and “businesses customers of government entities” will be able to pay service fees through digital wallets on Crypto.com, Dubai Finance said.

“The platform will securely convert these payments into Emirati dirhams and transfer them to Dubai Finance accounts, ensuring a streamlined, secure, and innovative payment framework,” it added. 

Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with https://t.co/HZnta4pnXb, a globally recognised cryptocurrency trading platform, to enable the payment of government service fees using cryptocurrencies—an initiative that marks a significant step in advancing… pic.twitter.com/iOh7kOz50p

— Dubai Media Office (@DXBMediaOffice) May 12, 2025

In a statement to preCharge News, a Crypto.com spokesperson added that the agreement will allow anyone within Dubai to pay for government-provided utility services, including parking, with large-market-cap crypto assets.

Dubai Finance did not immediately respond to a request for comment from preCharge News. 

Want to earn some extra money on the side? Buy PCPi Coin or Subscribe to VIP and get dividens monthly.

____
Associated Press, CNBC News, Fox News, and preCharge News contributed to this report.