UAE: For the first time, world news can pay court fees using Cryptocurrency, a resident of Abu Dhabi

TL; Dr.

In a historic step towards digital changes, the Abu Dhabi Judicial Department (ADCD) has signed a strategic partnership with Al Maryh Bank to enable the payment for judicial and legal services using a regulated digital currency. The step indicates the deep commitment of the United Arab Emirates for the first government unit in the Middle East to accept a safety, technical-operated public sector construction, to accept a stabechoin for court-related transactions.

A leading initiative in the field

The agreement, “described as an important jump to make government services digital digital and enhance the user experience through new financial solutions,” aligns with the UAE’s national strategy to modernize your service infrastructure using advanced fintech.Commenting on the initiative, His Majesty Consultant Yousef Saeed Al Abri, Abu Dhabi Judicial Department’s Understander, said in a public statement:“This partnership reflects our commitment to judicial ecosystem and constantly modernizing legal services. By bringing diversity in smart payment options and embracing digital currency, we are supporting institutional cooperation and integrating judicial and financial sectors through advanced technology.”He said:“It is part of the comprehensive development strategy of the Department of Agreement. It aligns its His Excellency Sheikh Mansoor bin Zayed Al Nahyan, UAE Vice President, Deputy Prime Minister, President of the President, the President of the Court aligns to create a modern and innovative judicial system, which hugs a rapid digital change to ensure Swift justice and increases the abu diets.,

What is AE coin?

The AE Coin is the first regulated Stabcoin of the UAE, officially licensed by the UAE Central Bank and launched in December 2024. Developed by IED Stabelcoin, the AE coin is designed to offer a safe, compliance and efficient option for traditional payment methods within the country’s digital economy.It has 1: 1 peg for UAE Dirham to separate the AE coin, which means that each AE coin holds the same value as a dirham. It ensures peg value stability, which, unlike typical cryptocurrency, is suitable for everyday transactions, which can experience extreme value swings.Unlike the speculative crypto assets, the AE coin is designed for practical, real -world use cases, including government payment, public transport and retail transactions. It takes advantage of blockchain technology for transparent and irreversible disposal, providing users a fast and safe payment experience.Along with inspection by the central bank, the coin is also fully regulated, and is supported by the stores managed by reliable financial institutions. This regulatory compliance provides both business and individuals confidence in high level of financial security and long -term utility of currency.According to Ramez Rafiq, general manager of IED StableCoin (developer behind Ae Coin), this cooperation is a historic moment for the UAE’s digital economy.“AE Coin was developed as a safe, efficient and regulatory-non-contribution to the United Arab Emirates. Adoption of this by such a major government unit is an important moment for us and an important moment for the developed digital finance landscape of the region. This cooperation reflects the confidence of leadership in homegrowns and strengthens the role of AE Coin.,

Al Maryh Bank’s role in Public Sector Fintech

Al Maryh Bank is a financial partner providing integration of AE coin in the judicial system. Senior bank officials described cooperation as a success for digital financial services in the region.“This partnership is a symbol of our mission to promote banking innovation and strengthen the leadership of the UAE in digital financial services. By enabling judicial payment through AE coin, we are not only streamlining access to government services, but also establishing a benchmark of how technology can serve the public in a safe and future,” Umar al -Zabbi, “Umar Al Jabbi, the head of the head.Bank’s board member Obaid Al Kabi said:“We are proud to be a part of this transformative achievement that increases trust, transparency and access to public services. Integrating AE coins within a major institute such as Add underlines our commitment to intensifies digital change and contribute to a more inclusive future.”And Al Maryh Bank CEO Mohammad Wasim Khayata commented:“We are proud to support Abu Dhabi Judicial Department in realizing this forward-loving initiative. This is not just a technical step; It is about providing advanced, safe financial experiences that reflect the values of the UAE and the vision of the future. ,This step is not only the first in the region, it is seen as a template how digital currencies can be integrated into government services. Operations, citizens and businesses can now expect more transparent transactions for payment related to court through AEC wallet with AE coins, with increased access and efficiency.

FAQS:

Q. What is Ae Coin? The AE coin is designed for a UAE-regulated stabeloin Pegged 1: 1, secured from Dirham, digital transactions.Q. Who can use AE coins for payment? Any person using judicial services through Addd can pay through AEC wallet using AE coins.Q. Is AE coin like bitcoin a cryptocurrency? Unlike volatile cryptocurrency, the AE coin is stable, completely regulated, and the UAE is bound by Dirham.Q. Why is it important? It streamlines government payment, promotes digital adoption, and sets a regional example to use digital currency in public services.