Crypto.com Secures UAE Central Bank License for Digital Payments

May 11, 2026

80 min

May 11, 2026 21:30

Crypto.com becomes first crypto firm licensed by UAE Central Bank

## Landmark Approval for Crypto.com

Crypto.com has achieved a significant milestone by becoming the first cryptocurrency company to receive a Stored Value Facilities (SVF) license from the Central Bank of the UAE. This approval allows the company to offer regulated digital asset payment services across the country.

## Strategic Partnership with Dubai Finance

With this license, Crypto.com can activate its partnership with Dubai Finance, enabling residents to pay government service fees using digital assets. This initiative aligns with Dubai's strategy to promote a cashless economy and enhance its digital economy.

## Exclusive Position in the UAE

Crypto.com is currently the only virtual asset service provider in the UAE with this specific license. Users wishing to utilize government digital payment services through crypto assets must register via Crypto.com's platform, which is licensed by the Virtual Assets Regulatory Authority (VARA) in Dubai.

## Future Prospects

The license may also facilitate future collaborations with Emirates Airline Group and Dubai Duty Free for digital asset payment services, pending further approvals. This development underscores the UAE's commitment to becoming a global hub for digital finance and blockchain innovation.

## Statements from Crypto.com Executives

Eric Anziani, President and COO of Crypto.com, described the approval as a "milestone" that reflects the company's dedication to regulatory compliance and financial innovation. Mohammed Al Hakim, President and General Manager for UAE & Bahrain, emphasized the unique opportunity to offer exclusive digital asset payment services for Dubai Government fees.

## Expanding Digital Finance

Founded in 2016, Crypto.com has rapidly expanded in regulated digital finance markets, reflecting a global trend towards formal oversight of cryptocurrency services.

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