Dubai Strikes Crypto.com Deal for Government Fees; Bhutan Embraces Digital Assets for Tourism

Dubai’s Department of Finance has signed a memorandum of understanding with Crypto.com that will allow residents and businesses to pay government service fees in cryptocurrencies. Under the agreement, Crypto.com will process digital-asset transactions and convert the funds into UAE dirhams, giving the government local-currency receipts while expanding payment options for users. The rollout forms part of the emirate’s strategy to make 90% of transactions cashless by 2026, and would make Dubai the first Middle Eastern jurisdiction to accept crypto for a broad range of public services. Separately, Bhutan has teamed up with Binance Pay to accept more than 100 cryptocurrencies for tourism-related payments including flights, hotels, visa fees and shopping. The partnership positions the Himalayan kingdom as the first country to integrate digital assets fully into its tourism sector, widening payment choice for visitors and signalling growing official interest in crypto-based commerce. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant