Dubai government allows residents to pay taxes with Bitcoin via Crypto.com
Crypto Briefing
Dubai residents can now pay government taxes using Bitcoin through a new partnership between the Department of Finance and Crypto.com.Summary
The Dubai Department of Finance has partnered with Crypto.com to enable residents to pay government taxes and fees using Bitcoin and other digital assets. To mitigate volatility risks, the government receives payments exclusively in UAE dirhams or approved stablecoins, with Crypto.com managing the currency conversion. This initiative is supported by Crypto.com's Stored Value Facilities license granted by the Central Bank of the UAE, which allows the platform to handle stored monetary value. The program operates under the coordination of the Dubai Department of Finance, VARA, and the Central Bank of the UAE, reinforcing Dubai's position as a globally leading crypto-friendly jurisdiction.
(Source：Crypto Briefing)