Crypto.com Secures UAE Central Bank License for Digital Payments

May 11, 2026

78 min

May 11, 2026 20:30

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 firm 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 move aligns with Dubai's strategy to enhance its digital economy and promote cashless transactions.

## Exclusive Position in UAE's Digital Asset Sector

As the sole virtual asset service provider with this specific license, Crypto.com holds a unique position in the UAE's digital asset landscape. Users wishing to utilize government digital payment services through cryptocurrencies must register via Crypto.com's platform in Dubai.

## Future Prospects

The license could 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 technology.

## Statements from Crypto.com Executives

Eric Anziani, President and COO of Crypto.com, hailed the approval as a testament to the company's dedication to regulatory compliance and innovation. Mohammed Al Hakim, President and General Manager for UAE & Bahrain, emphasized the company's role in advancing digital payments in the UAE.

## Crypto.com's Global Expansion

Founded in 2016, Crypto.com has rapidly expanded its presence in regulated digital finance markets worldwide, reflecting the growing trend of formal oversight in cryptocurrency services.

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