{"id":26514,"date":"2025-05-13T12:02:09","date_gmt":"2025-05-13T12:02:09","guid":{"rendered":"https:\/\/dogewisperer.com\/dubai-government-opens-door-to-accepting-crypto-for-service-fees\/"},"modified":"2025-05-13T12:02:09","modified_gmt":"2025-05-13T12:02:09","slug":"dubai-government-opens-door-to-accepting-crypto-for-service-fees","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26514","title":{"rendered":"Dubai Government Opens Door to Accepting Crypto for Service Fees"},"content":{"rendered":"<div>\n<p>Dubai agreed to allow cryptocurrency payments for government services in a deal with crypto exchange <a href=\"http:\/\/crypto.com\/\">Crypto.com<\/a>, taking a step toward implementing its plan for a cashless society.<\/p>\n<p>Once technical details are complete, the agreement will allow individuals and businesses to pay fees using digital wallets from <a href=\"http:\/\/crypto.com\/\">Crypto.com<\/a>, which is licensed by the emirate&#8217;s Virtual Assets Regulatory Authority (VARA). The platform will then convert the amounts into dirhams for payment, according to a <a href=\"https:\/\/crypto.com\/en\/company-news\/government-of-dubai-to-allow-cryptocurrency-payments-for-fees\">Monday press release<\/a>.<\/p>\n<p>The agreement allows the government &#8220;to harness financial technology in launching a new digital payment channel on the government\u2019s digital portals,&#8221; it said in the release. The cashless strategy is expected to add at least 8 billion dirhams ($2.2 billion) annually to the economy.<\/p>\n<p>Dubai has been building its crypto credentials for several years and sees itself as a <a href=\"https:\/\/www.coindesk.com\/consensus-magazine\/2023\/06\/27\/dubai-launching-a-crypto-regulatory-arm-to-become-a-global-financial-power\">Middle East crypto hub<\/a>. In March 2022, it established VARA, calling it the world\u2019s first independent crypto regulator, and has awarded licenses to exchanges including Binance and OKX. It also initiated a metaverse strategy aiming to attract 1,000 metaverse and blockchain companies by 2030.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dubai agreed to allow cryptocurrency payments for government services in a deal with crypto exchange Crypto.com, taking a step toward implementing its plan for a cashless society. Once technical details are complete, the agreement will allow individuals and businesses to pay fees using digital wallets from Crypto.com, which is licensed by the emirate&#8217;s Virtual Assets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26514","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26514"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26514\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}