UAE Authorizes AE Coin for Federal Government Payments
UAE has officially authorized AE Coin for federal government payments.The initiative is expected to enhance smart government services, and secure payments.
The United Arab Emirates has taken a major step by formally recognizing AE Coin as not only a token but an asset for approved payment method for federal government fees.The move marks the first time in the whole of the Middle East region that a stablecoin has been authorized for nationwide government transactions.
It also allows individuals and businesses to pay for government related services using the AE Coin, a digital payment token licensed by the UAE Central Bank.
Source: AECoin (X)The Coin will be accessible through the AEC Wallet, powered by Al Maryah Community Bank (Mbank). With this new update in place, the country would move a step further to achieving its goal of building a fully digital and efficient governmental service ecosystem.
The new recognition would also highlight UAE’s push to integrate crypto into its national financial infrastructure.
Also Read: UAE stablecoin USDU Approved as Nation’s First Dollar-Pegged Token
AE Coin Helps Strengthen Smart Government and Digital Infrastructure
Speaking on the new development, His Excellency, Saeed Rashed Al Yateem, described the recognition of AE Coin as a strategic step in helping UAE bridge the gap between financial and digital infrastructures.
According to the Ministry of Finance, the initiative is expected to help with revenue collection, operational costs reduction, and a more simplified reconciliation and auditing processes. It also provides a clearer, real-time view of the government financial transactions, which would in turn improve efficiency and create transparency across different federal entities.
For users, the system enables instant, low-cost, and highly secure payments while expanding access to flexible digital payment options. The development aligns with the UAE’s broader goal of advancing financial inclusion and reinforcing its position as a global hub for regulated digital-asset innovation.
Also Read: Binance Coin (BNB) Rebounds from $730 Level Moves Toward $900
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