- IACAD launches a new service allowing approved Dubai charities to receive crypto donations.
- The service supports cryptocurrencies and virtual assets under clear regulatory and compliance guidelines.
- Only authorized charitable organizations can use the platform to ensure transparency and donor protection.
The Islamic Affairs and Charitable Activities Department (IACAD) in Dubai has announced a new service that allows charities in the emirate to receive donations using cryptocurrencies and virtual assets. This service is now available for approved charitable organizations across Dubai.
The move is part of ongoing efforts to modernize charitable work and adopt new financial technologies that are becoming popular worldwide.
By accepting donations in digital assets, the Department aims to help charities keep pace with global developments in finance and technology. The initiative also supports Dubai’s wider digital transformation strategy and its vision for the future.
Officials say the service will make donating easier for people who prefer modern payment methods, while improving the overall efficiency of the donation system.
Strong Rules to Protect Donors
The new donation option operates under clear regulations designed to protect donors and ensure transparency. These rules focus on safeguarding funds, maintaining accountability, and making sure all activities follow approved legal standards.
To help charities understand how the system works, the Department has conducted awareness workshops explaining the procedures and technical requirements needed to use the service.
Dubai already has one of the world’s most active and tech-savvy crypto communities. According to a survey, 66% of adults in the UAE have shown interest in cryptocurrency, while 11.4% of residents already hold or invest in digital assets. This places the UAE among the top ten countries globally for crypto adoption.
Crypto users in Dubai are largely young and high-income earners, making digital assets an increasingly popular payment and investment choice across the emirate.
Additionally, Dubai has been steadily integrating crypto into public services. During the Dubai FinTech Summit held on May 12–13, the Dubai Department of Finance signed an official agreement with Crypto.com. The partnership allows residents and businesses to pay for selected government services using cryptocurrency.
Related: DMCC and Crypto.com Sign a Dubai MoU on Tokenized Commodities
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/dubai-charities-can-now-receive-donations-in-crypto-and-virtual-assets/
