Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025

BTC loses favor, assets under management reach new all-time high on 12th week of inflows

July 7, 2025

Calamos unveils ‘Protected Bitcoin’ strategy for institutional investors

July 7, 2025

Polymarket under fire as whale votes distort Zelenskyy suit outcome: what’s going on?

July 7, 2025

Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

July 7, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

    July 7, 2025

    Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

    July 7, 2025

    Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

    July 7, 2025

    Traders Bet Against Bitcoin Rally as Funding Rates Slide on Binance

    July 7, 2025

    XRP Could Hit $35 If It Captures A Quarter Of Remittance Market By 2029

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » Crypto.com and Dubai’s land department work on crypto payments
Markets

Crypto.com and Dubai’s land department work on crypto payments

Crypto Observer StaffBy Crypto Observer StaffJuly 7, 2025No Comments3 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto.com, a global cryptocurrency exchange, and the Dubai Land Department (DLD), have signed a Memorandum of Cooperation (MOC) to explore the use of blockchain and digital currencies in the real estate sector. This announcement follows earlier news that the government will enable the payment of government fees using digital assets or cryptocurrencies.

As per the latest announcement, the initiative is part of the Dubai Real Estate Strategy 2033 that aims to build a smart, sustainable, real estate ecosystem using advanced technologies such as blockchain, and digital assets as well as tokenization.

The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for Crypto.com, in the presence of several officials and CEOs from both sides.

Dubai Land Department signs a memorandum of cooperation (MoC) with https://t.co/HZnta4oQ7D to develop a digital investment environment for virtual real estate assets and explore the use of blockchain technologies and digital currencies within the sector. This initiative aligns… pic.twitter.com/eeMDHT7ypu

— Dubai Media Office (@DXBMediaOffice) July 6, 2025

Crypto.com to support Dubai’s digital real estate transactions

Crypto.com will support Dubai’s digital real estate transactions using blockchain and digital currencies, better known as crypto for property transactions. This will not only help in increasing liquidity in the real estate sector but also modernize it.

The partnership also aspires to build an integrated digital ecosystem that enables real estate asset trading, investor verification, and the execution of digital custody and settlement processes within a secure and advanced framework.

Crypto.com will propose solutions for tokenizing real estate and trading digital assets, while the Dubai Land Department (DLD) will explore them and provide administrative and logistical support to implement these regulatory approved joint projects. Crypto.com will also offer technical support, analytical tools and reports for these projects.

The Department of Finance (DOF), which develops and executes the government’s annual budget, will allow payment of government fees in crypto via the Crypto.com UAE-regulated exchange. Once the system is activated, individuals and businesses will be able to use Crypto.com’s digital wallet and pay for government services. The platform will convert crypto payments into AED and securely transfer the funds to Dubai Finance accounts.

Dubai has commenced real estate tokenization

PRYPCO Mint, a joint initiative between the Dubai Land Department (DLD) and PRYPCO licensed by the Virtual Assets Regulatory Authority (VARA), has successfully completed two tokenized property listings.

This is part of the Real Estate Tokenization project, which operates under a framework developed by the DLD in partnership with VARA, the Central Bank of the UAE (CBUAE), and the Dubai Future Foundation (DFF) through the Real Estate Sandbox.



Read the full article here

Exchange
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tokenised Treasuries boom to $7.4b as crypto traders ditch stablecoins for yield

July 7, 2025

New Bitcoin (BTC) and Ethereum (ETH) Move Comes from the Banking Giant Also Serving in Türkiye!

July 7, 2025

BNK Group’s Revolutionary Step Towards Digital Finance

July 7, 2025

Japan Consumer Index Drops Again—Could Dovish BoJ Lift Bitcoin?

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

July 7, 2025

BTC loses favor, assets under management reach new all-time high on 12th week of inflows

July 7, 2025

Calamos unveils ‘Protected Bitcoin’ strategy for institutional investors

July 7, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Chinese Regulators Raise Alarm on Illicit Stablecoin Activity

July 7, 2025

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

July 7, 2025

Traders Bet Against Bitcoin Rally as Funding Rates Slide on Binance

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.