Dubai, UAE: IACAD has launched a new service that allows people to make donations using cryptocurrencies and virtual assets. Through this latest launch service, the department will manage fundraising related to crypto-based assets. With this service, the authority aims to protect donors and ensure all donations follow approved rules and standards.
IACAD also confirmed that charities in Dubai have already started accepting donations through cryptocurrencies and virtual assets. This move shows the department’s focus and consistent efforts to modernize charitable services while also adapting to global financial and technology trends.
IACAD Launched Dubai Cryptocurrency Donation Platform
The launch of the digital currency donation platform in Dubai supports the emirate’s larger digital transformation goals and future plans. This service will make charitable donations faster and more convenient by offering donors new payment options and ways to contribute. This step also reflects that the city is growing with global trends in the virtual asset sector and emerging as a best startup story in the charitable innovation space.
For charitable organizations in Dubai that need the right guidance to use this newly launched service, the department has also provided a set of introductory workshops. The workshop programs will include sessions that will explain the process and rules. These will help them get clarity on the implementation procedure and operational requirements.
Dubai Invites Charities to Join Secure Crypto Donation System
Commenting on the new cryptocurrency-based donation platform, the Charitable Work Sector’s Executive Director at the department, Mohammed Musbeh Dhaahi, encourages charitable organizations in Dubai to apply and secure an initial approval. He added that with this service, the donors can donate through flexible methods.
Charities in Dubai will be able to accept donations through multiple methods, as donors have more choices. He also said that this service is provided in a safe and well-regulated way that matches Dubai’s future goals. IACAD has also confirmed that this advancement will strengthen Dubai’s position as a global hub for innovation and humanitarian work.
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