UAE records first digital dirham transaction via mBridge CBDC
The Central Bank of the United Arab Emirates initiated a 50 million dirham ($13.6 million) transfer to China at the tail end of January.
The Central Bank of the United Arab Emirates initiated a 50 million dirham ($13.6 million) transfer to China at the tail end of January.
To combat illicit digital asset use, the United Arab Emirates released new guidelines that would help strengthen the region's financial system integrity, with an emphasis on compliance and heightened vigilance.
Leveraging the power of emerging technologies, the Bank for International Settlements and the United Arab Emirates open a competition that seeks to challenge developers to create tech-based solutions to mitigate climate change.
The Hong Kong and Saudi Arabia central banks signed an MoU to study financial innovation to benefit their local economies, focusing on four sectors, including open market operations and market connectivity.
The central banks of the UAE and Hong Kong forge closer ties in regulating digital assets as part of their plans to improve the existing financial market and regional connectivity.
The Central Bank of the United Arab Emirates (CBUAE) is forging ahead with the development of its central bank digital currency following the unveiling of a strategy.