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The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With … Read more
The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technologies. Go to Source Powered by WPeMatico
The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world’s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs). The Central Bank of the United … Read more
As a part of the 2023-2026 strategy, CBUAE intends to be among the world’s top 10 regulators. Go to Source Powered by WPeMatico
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. Go to Source Powered by WPeMatico
3iQ launched its Bitcoin Fund trading on Nasdaq Dubai after receiving regulatory clearance for a dual listing in April. Go to Source Powered by WPeMatico
Dubai aims to attract foreign crypto investors. Go to Source Powered by WPeMatico
The UAE government’s adoption of blockchain technology for its legal notary services builds on its ambitions to go completely digital. Go to Source Powered by WPeMatico
A government-run token exchange could be on the horizon for the United Arab Emirates Go to Source Powered by WPeMatico
Some of Asia’s largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat. Go to Source Powered by WPeMatico