Dubai Customs signed a memorandum of understanding with the global cryptocurrency exchange platform "Binance" to activate payment capabilities and commercial exchange through advanced digital solutions, according to the media office of the Dubai Government on Sunday.
A memorandum of understanding was signed between the two parties on the sidelines of the "Binance Blockchain Week 2025" event hosted by Dubai, which features several leaders in global technology and digital economy.
The memorandum of understanding aims to "develop the payment system within the country by integrating digital currencies in commercial transactions, as well as enabling the logistics sector to benefit from digital payments... It also supports the transition to a more innovative and flexible financial structure by adopting blockchain technologies that enhance transparency and reduce transaction time and costs," according to the statement.
