Chinese banks partner with foreign counterparts to boost CBDC adoption
Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.
Latest Central Bank of the UAE News
India, UAE central banks collaborate on CBDCs with cross-border features
Building on their individual plans to improve the payments system, the central banks of India and the United Arab Emirates embarked on a mission to utilize CBDCs to solve cross-border challenges.
UAE sets sights on CBDC launch to improve local, cross-border payment under new scheme
While other countries choose whether to focus on a retail CBDC instead of wholesale, the United Arab Emirates is seeking to focus its efforts on launching both types under its FIT program.
UAE central bank completes CBDC pilot, eyes international usage for cross-border payments
Apart from improving cross-border payments, CBUAE’s governor noted that the pilot was also targeted at enhancing the local financial sector in the Middle Eastern country.
Saudi Arabia central bank hires digital asset expert to grow industry
Saudi Arabia is betting on a digital asset expert to spur the adoption of digital currency and, at the same time, transform the country into a digital assets and tech hub.
UAE central bank sets sights on digital currency launch
In its 2023-2026 roadmap, the Central Bank of the UAE has identified seven areas that it will focus on as it seeks to join the U.S., China, Japan and Germany at the upper echelons of global finance.