Dubai: Crypto.com has become the first virtual asset service provider in the UAE to secure a Stored Value Facilities (SVF) licence from the Central Bank of the UAE, a landmark approval that will allow the company to offer regulated digital asset payment services to government entities across the country. The licence was granted to the company’s UAE entity, Foris DAX Middle East FZE, a major step in integrating digital assets into mainstream financial and government payment systems in the Emirates. Under the approval, Crypto.com will be able to activate its strategic partnership with Dubai Finance, enabling UAE residents to pay government service fees using digital assets through a regulated framework aligned with Dubai’s cashless strategy and broader ambitions to strengthen its digital economy. All financial settlements will be processed either in UAE dirhams or dirham-backed stablecoins approved by the Central Bank, and exclusively through the regulator’s SVF framework.…