Abu Dhabi has taken a significant step towards digital finance integration by announcing it will now accept cryptocurrency for government service payments. Residents of the UAE capital can pay for a wide range of judicial services using AE Coin, a stablecoin regulated by the UAE Central Bank.
Payments will be facilitated through the dedicated AEC Wallet, offering a fast and secure alternative to traditional payment methods. This initiative stems from a strategic partnership between the Abu Dhabi Judicial Department and Al Maryah Bank. Under this agreement, AE Coin becomes the first cryptocurrency officially accepted by a regional government entity specifically for settling judicial and legal fees.
The adoption of AE Coin sets an important regional precedent, demonstrating the willingness of government institutions to incorporate digital currencies into their operations. Youssef Saeed Al Abri, a representative of the Judicial Department, stated that this move is part of the department’s broader development strategy.
Mohammad Wassim Khayata, CEO of Al Maryah Bank, emphasized the significance beyond mere technology: “This is not just a technological step, but the provision of advanced and secure financial services that align with the vision of the UAE’s leadership.” The launch positions Abu Dhabi at the forefront of governmental adoption of regulated digital assets in the Middle East.
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