As reported by Bitcoin.com, Dubai’s Islamic Affairs and Charitable Activities Department (IACAD) has launched a new service allowing charities in the emirate to accept cryptocurrency and virtual asset donations. The initiative aims to support Dubai’s digital transformation strategy and provide modern, transparent fundraising options for donors. IACAD has established clear policies to ensure regulatory compliance and fund protection, and training workshops have been conducted to assist charities in adopting the service. The move aligns with global trends, such as Save the Children’s Bitcoin fund, which also seeks to modernize humanitarian fundraising through blockchain technology.
Dubai Charities Begin Accepting Crypto Donations Under IACAD Initiative
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Summary
Dubai’s Islamic Affairs and Charitable Activities Department (IACAD) has launched a service enabling charities to accept crypto donations. The initiative supports Dubai’s digital strategy and offers transparent fundraising for donors. IACAD has set clear policies and conducted training to help charities adopt the service. The move mirrors global efforts like Save the Children’s Bitcoin fund, which uses blockchain for humanitarian crypto fundraising.
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