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    Home»Crypto News»Dubai Authorities Declares Partnership With Crypto.com To Settle for Funds in Digital Property – The Every day Hodl
    Dubai Authorities Declares Partnership With Crypto.com To Settle for Funds in Digital Property – The Every day Hodl
    Crypto News

    Dubai Authorities Declares Partnership With Crypto.com To Settle for Funds in Digital Property – The Every day Hodl

    By Crypto EditorMay 14, 2025No Comments2 Mins Read
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    Dubai is partnering with the change Crypto.com to simply accept digital property for presidency charges.

    The emirate’s Division of Finance (DOF) signed the memorandum of understanding (MoU) with the crypto agency as a part of its ongoing “cashless technique.”

    Dubai goals to conduct greater than 90% of economic transactions throughout each the private and non-private sectors by cashless strategies by subsequent 12 months.

    When the settlement is finalized, particular person and enterprise clients of the emirate’s authorities entities will be capable of pay service charges by Crypto.com’s digital wallets, per a brand new press launch. Crypto.com will convert the crypto funds into Emirati dirhams and switch them to DOF accounts.

    Dubai has positioned itself as a crypto-friendly jurisdiction, with the emirate set to host Binance Blockchain Week in December.

    Ahmad Ali Meftah, DOF’s government director of the central accounts sector, says the Crypto.com partnership is a part of the emirate’s efforts to evolve into a world hub for digital funds.

    “We’re actively creating a complicated regulatory framework that fosters innovation whereas guaranteeing the best requirements of safety and effectivity in digital monetary transactions. This enhances buyer belief in Dubai Authorities companies and unlocks new alternatives for financial progress. By means of strategic partnerships, we stay devoted to establishing a sustainable monetary mannequin that empowers people and companies, cementing Dubai’s management in monetary expertise and maintaining it on the forefront of worldwide innovation and financial progress.” 

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    Dubai Authorities Declares Partnership With Crypto.com To Settle for Funds in Digital Property – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate marketing online.

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