- Partnership supports the Dubai Cashless strategy by enabling safe, efficient and even financial transactions through cryptocurrencies
- Initiative further strengthens the position of Dubai as a global hub for financial innovation
- Signing made on the sidelines of the participation of DOF and Crypto.com on the Dubai Fintech Summit
Dubai Finance (DOF) has signed with Memorandum or Begraafer (MOU) with Crypto.com, a worldwide collection Cryptocurrency Training Platform, to incur payment of the government service with the help of cryptocurrencies – an initiative that marks a considerable step in promoting digital finances on an worldwide scale.
De Mou was signed today in the witness of his Excellency Abdulla Mohammed Al Basti, Secretary -General of the Executive Council of Dubai, and his Excellency Abdulrahman Saleh to Saleh, director -general of Dof. The agreement was formalized by Ahmad Ali Meftah, executive director of the Central Accounts sector at DOF, and Mohammed Al Hakim, president of Crypto.com VAE, the Cryptocurrency platform with a permit from the Virtual Assets Regulatory Authority (VARA).
The signing took place on the sidelines of the participation of DOF and Crypto.com on the Dubai Fintech Summit, which today started at the Dubai International Financial Center, which represents an important step in promoting the Dubai digital financial landscape.
The partnership supports the implementation of the Dubai Cashless strategy by enabling safe, efficient and even financial transactions through cryptocurrencies. It also paves the way for the transition from Dubai to a fully digital, cashless society by enabling the Government of Dubai to introduce a new digital payment channel on its official platforms. The initiative will enable seamless and safe payments for government services with the help of stable cryptocurrencies, which further strengthens Dubai’s position as a global hub for financial innovation.
His Excellency Abdulla Mohammed Al Basti, Secretary General of the Executive Council of Dubai, Said that adopting safe cryptocurrency solutions within the government of the Dubai payment system reflects a proactive approach to anticipate future needs and to respond to global economic and financial developments.
“Dubai continues to improve through coordinated efforts between governmentalities and important sectors to meet and resolve the expectations of individuals, companies and the broader community. As a global leader in digital transformation, the Emire further strengths the financial technology solutions that support the ISS -CONTANTIONS and the Government transactions, the Government transactions, the government transactions and the government transactions and the government transactions and the government transactions and the government transactions and the government transactions and the government transactions, the translation of the translation and the translation of the translation and the translation of the translation transactions and the translation of the translation transactions and the translation of the transaction transactions and the translation of the tran’s tran tans. Stream lines and the government transactions stream lines and the government transactions stream lines and the government transactions stream lines and the government transactions stream lines and the status of financial services have.
His Excellency Abdulrahman Saleh al Saleh, general manager of DOF, Said: “We are proud of Dubai Finance’s key role in stimulating the Dubai Cashless strategy and shaping a digital digital financial future. Strategy objectives – car with the vision of his highness Sheikh Mohammed bin Rashid al Maktoum, prominent financial payment in digital payment. Ecosyste
Eric Anziani, President and COO of Crypto.comSaid: “The government of Dubai has been a real global visionary with its plans for a cashless society. We are proud to be selected to support the Ministry of Finance of Dubai as part of this initiative, making Crypto.com possible the delivery of the Cruple Comprec-Rurite-wide implementation of payment digitation.
Ahmad Ali Meftah, executive director of the central accounting sector at DOF, The dedication of Dubai Finance to embrace the latest financial technologies underlines Dubai’s ambitions to position Dubai’s ambitious vision to position as a global hub for digital payments.
“Cooperation between the public and private sectors plays a crucial role in stimulating this transformation. We are actively developing an advanced regulatorly framework that processes innovation of innovation innovation, while the highest standards of safety and efficiently in digital financial transactions are increased. Trust in Dubai Government Services and New Opportunities, with the Voorste Government Services and New Opportunities.
Mohammed Al Hakim, president of crypto.com of, Said: “Today’s announcement represents considerable progress for the approval of digital finances with extensive integration into the layers of government payments. As part of the D33 agenda ambition, we are HonouraRad to work with Dubai Finance in a real worldwide Captain program, the future of duba -divers, the way in which the Dubai Cashless growth becomes the way in which the Dubai Cashless growls become the way in which sustainable CASFESSLESS becomes the way of expanding with the Dubai -Cashless. received. “
Amna Mohammed Lotah, director of digital payment systems instructions, SAID: “The Dubai Cashless Strategy Aims to Stregthen the Emirarate’s Position Among The World’s Leading Digital Cities, with Goal of Behavio Manager than 90% OF FINANCIAL TRANSACTIONS ACROSS BOV THE PUBLIC AND PRIVATE SECTORS THROUTH CASHLESS METHODS BY Agreement with a Globally Renowned Cryptocurrency Platform Marks A Groundbreaking Initiative, Enabling Government Service Users to Pay All Government Fees Through Digital Currencies – An Prosecutor Step in the Global Financial Landscape.
The Dubai Cashless strategy is expected to encourage economic growth by adding at least AED8 billion to the economy annually, coupled by the development of a wide range of innovative financial technology services and the acceleration extension of the Dubai fintech sector.
Eleven The necessary technical regulations for the activation of the agreement have been completed, private individuals and companies of the government agencies can seamlessly pay service costs via the digital portfolios of Crypto.com. The platform will safely convert the payments into Emirarati Dirhams and transfer them to Dubai Finance Accounts, a streamlined, secured and innovative payment framework.
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