Crypto.com Gets UAE’s First Central Bank Nod to Power Crypto Payments for Government Fees

TLDR: Crypto.com’s UAE unit receives first-ever Central Bank approval for a Stored Value Facilities license. The approval allows residents to pay government fees in crypto converted instantly to UAE dirhams. The final license will follow a full system inspection and compliance verification by the UAE regulator. The approval highlights UAE’s growing adoption of regulated digital [...]

The post Crypto.com Gets UAE’s First Central Bank Nod to Power Crypto Payments for Government Fees appeared first on Blockonomi.