The BIS published the findings on a multi-CBDC project between central banks in Hong Kong, Thailand, China, and the UAE, showing the benefits of central bank-backed digital currency.
The Securities and Commodities Authority has signed an agreement with the Dubai World Trade Centre Authority to allow digital currency trading in the free zone.
The digital currency industry continues to advance in Dubai, which Bittrex CEO Stephen Stonberg describes as a great place to set up a token project.
As UAE moves towards opening the first licensed digital currency exchanges in the territory, its large migrant population is eagerly awaiting the availability of wallets and digital currency transfer platforms.
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.
CoinGeek’s Claire Celdran visited Dubai, the largest city in the United Arab Emirates, to learn more about what the government there is doing to support blockchain and, in particular, BSV enterprise blockchain.
Join us for the premiere of BSV Stories – Episode 4 on July 13 to learn more about blockchain in the Middle East, and how Bitcoin Association is planning to help promote BSV enterprise blockchain to the region.
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
KIKLABB, a Dubai-based license bureau, will allow citizens to pay for their visa and trade license fees in digital currencies.
Two of the largest economies in the Middle East have described a central bank digital currency as an improvement over the centralized payment systems.
The United Arab Emirates has introduced a new e-commerce platform to aid the relations between its food industry and farmers in India.