United Arab Emirates · Bitcoin.com News
Crypto.com Lands UAE License, Opening Crypto Payments for Dubai Government Fees
Compiled by KHAO Editorial — aggregated from 2 outlets. See llms.txt for citation guidance.
◎ Multiple-sources
Crypto exchange Crypto.com announced that its United Arab Emirates entity has been granted a stored value facilities license, enabling payment of government fees with cryptocurrencies.
Key facts
- While both are vital to operating in the UAE, the CBUAE SVF license and the Virtual Assets Regulatory Authority (VARA) license serve distinct regulatory purposes
- Innovation City, an AI-powered free zone in Ras Al Khaimah, has launched a blockchain-based digital business identity system to replace…
- To be the first VASP to receive this license is an incredible achievement and proves our strong commitment to compliance and to advancing the regulated digital assets ecosystem in the UAE,” said Eric Anziani, President and COO of Crypto
- To ensure financial stability, all settlements will be processed in UAE dirhams or CBUAE-approved dirham-backed stablecoins
Summary
Crypto.com became the first VASP to receive a CBUAE stored value facilities license on May 11, 2026. The SVF allows Crypto.com to process government fees in dirhams, impacting the UAE’s 100% cashless strategy. Crypto.com will next launch crypto payment integrations with Emirates and Dubai Duty Free for 2026 travelers. Crypto exchange Crypto.com has announced on May 11 that its United Arab Emirates (UAE) entity, Foris DAX Middle East FZE, has been granted a stored value facilities (SVF) license by the Central Bank of the UAE (CBUAE).