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Central Bank of UAE reveals a new CBDC strategy News | Cryptocurrencies | 24 Mar 2023 The Central Bank of UAE has revealed its plans to complete the first phase of its central bank digital currency project in mid-2024. CBDC, central bank, digital currency, banks Top Stories / Most Read...
Financial crime remains a key focus area worldwide and in the UAE. The Central Bank of the United Arab Emirates (CBUAE) has recently issued new guidance notes to assist all Licensed Financial Institutions (LFIs) with their Anti-Money Laundering (AML) and Combatting the Financing of Terrori...
The Central Bank of the UAE (CBUAE), the Bank for International Settlements (BIS), the Emirates Institute of Finance (EIF) and the COP28 Presidency have launched the COP28 UAE TechSprint, a global initiative aimed at promoting innovation in scaling sustainable finance and combating climate ...
The Central Bank of the UAE (CBUAE) promotes financial and monetary stability, efficiency and resilience in the financial system, and the protection of consumers through effective supervision that supports economic growth for the benefit of the UAE and its people. Strategic Objectives Our Vision Prom...
Central Bank (UAE) Abstract The Central Bank of the United Arab Emirates assumes a crucial role in safeguarding financial stability, promoting consumer protection, and fostering the development of Islamic finance within the United Arab Emirates. By means of its regulatory framework and the pivotal ...
The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud have been selected as the technology and infrastructure providers of the initiative respectively, while...
The United Arab Emirates (UAE) is now readying a central bank digital currency (CBDC) for retail and wholesale use, according to a Central Bank of UAE (CBUAE) announcement on Saturday. The national bank kicked off itsdigital dirham implementation strategyduring a signing event on March 23 with...
The article reports that the Central Bank of the United Arab Emirates (UAE) has no unilateral economic revaluation of the country. There are increasing questions which are being raised over the timetable for a proposed Gulf Cooperation Council (GCC) currency union and the feasibility of current ...
8 November 2021 – The Central Bank of the UAE (CBUAE) and Bank Indonesia signed a Memorandum of Understanding (MoU) covering digital innovation in payment and financial services to facilitate more efficient and secure transactions, cross-border payment systems including retail paym...