The Dubai Department of Finance (DoF) has successfully completed a preliminary technical test enabling the settlement of digital assets in UAE dirhams for instant payment of government service fees. The pilot was conducted in collaboration with the Dubai Land Department (DLD) via the Dubai Pay platform, overseen by the Digital Dubai Authority.
According to a media statement, the transaction, processed through the licensed virtual asset service provider (VASP) Dax Middle East, was for the issuance of a property map. Officials emphasized that the test was conducted in a secure environment ahead of broader implementation.
Abdulrahman Al Saleh, director general of Dubai’s Department of Finance, hailed the pilot as a “proactive step toward the future of digital transactions,” aligning with Dubai’s vision to adopt advanced financial technologies with robust security and compliance standards. He reiterated the emirate’s commitment to building a fully digital economy.
Echoing this sentiment, Hamad Al Mansoori, director general of Digital Dubai Authority, described the initiative as a milestone in Dubai’s digital transformation journey.
“This marks a major step forward in realizing the concept of ‘City as a Service,’ where financial technologies integrate seamlessly with government systems,” he said.
The pilot also supports Dubai’s Cashless Strategy, which aims to digitize 90 percent of all financial transactions by 2026. Amina Lootah, director of Digital Payment Systems Regulation at DoF, confirmed that the transaction was executed in full compliance with regulatory standards and settled in dirhams through integrated systems.
Industry leaders also praised the initiative, with Eric Anziani, president and chief operating officer of Crypto.com Group, calling Dubai a “global visionary” in its push for a cashless society. Mohammed Al Hakim of Foris Dax Middle East highlighted the milestone as a foundation for a secure digital payment ecosystem.
This successful pilot underscores Dubai’s leadership in financial innovation and its readiness to embrace the future of digital payments in government services.
- Which Dubai government department led the digital asset payment test? The pilot was successfully completed by the Dubai Department of Finance (DoF), in collaboration with the Dubai Land Department (DLD).
- What was the first service fee paid using digital assets in Dubai? The inaugural transaction involved paying the government fee for the issuance of a property map.
- What is Dubai’s long-term goal for financial transactions? The initiative supports the Dubai Cashless Strategy to digitize 90 percent of all financial transactions by 2026.
- Which private company facilitated the digital asset settlement in the UAE? The transaction was processed through Dax Middle East, a licensed virtual asset service provider (VASP).
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。