Based on TheCCPress, Dubai has launched a pilot program for government services using crypto-settled transactions, but no direct Ethereum (ETH) acceptance has been confirmed. The Dubai Department of Finance is processing digital asset payments through regulated partners, converting them to UAE dirham (AED) before settlement. The initiative is part of Dubai’s broader digital transformation strategy, with officials emphasizing the importance of compliance and regulatory oversight. The Central Bank of UAE’s strict protocols ensure that government treasury operations remain in local currency, despite the technical validation of crypto-to-fiat settlement frameworks.
Dubai Pilots Crypto Payments, No Direct Ethereum Acceptance Confirmed
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