Dubai Charitable Department accepts crypto donations
Dubai’s Islamic Affairs and Charitable Activities Department (IACAD) recently launched a new service, through which donations can be made in cryptocurrencies and virtual assets.
Under the new service, the department will regulate fundraising activities related to virtual assets, which aims to protect donors’ funds, enhance transparency, and ensure compliance with approved regulatory standards.
For charities seeking to adopt the service, the department has also organized a series of introductory workshops to clarify the procedures and operational requirements.
Mohammed Musbeh Dhaahi, Executive Director of the Charitable Work Sector at the Department, stated, “We invite charitable associations and institutions in the emirate to apply for preliminary authorization to practice this activity, ensuring that the service is delivered within a safe and regulated environment aligned with Dubai’s future directions.”
The new service will enable Dubai charitable department and other charities to receive donations through diverse methods that meet donors’ needs.
This is not the first time Dubai allows crypto payments for charities. In 2024, a UAE top official noted that the UAE governmental entities and authorities in the UAE will accept Bitcoin, and other crypto currencies for donations this Ramadan.
UAE newspaper, Khaleej Times in an article stated, that a UAE top official has noted that authorized individuals and entities collecting funds during Ramadan will accept Bitcoin and other digital currency payments. This comes as Bitcoin surges past the $60,000 mark.
