Dubai government to accept crypto payments through Crypto.com partnership

's Al Hakim called the initiative a "truly global first programme." However, the announcement did not clarify what types of digital currencies the department of finance would accept, or for which types of government fees covered by the agreement.
and Dubai Finance did not immediately respond to a request for comment from CNBC.
first received a license for its Dubai entity to offer regulated virtual asset service activities in 2023. Last month, the company said Dubai's virtual asset regulatory body had also issued a limited license to offer derivatives.
Dubai has been betting on the crypto industry for years as part of its ambition to become a global tech hub.