UAE, China executes first CBDC transaction on mBridge
The heads of the UAE, Chinese central banks jointly commissioned the first cross-border transaction on mBridge as they…
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Khaled Mohamed Balama
6 posts
Digital assets popular during Eid; Digital Dirham set for Q4
A local report revealed a surge in digital asset gifting as part of Eidiya amid a 41% increase…
UAE central bank approves dirham-backed stablecoins
Aware of its potential to destabilize the financial ecosystem, the Central Bank of the United Arab Emirates is…
UAE unveils new guidelines to curb unauthorized use of digital assets
To combat illicit digital asset use, the United Arab Emirates released new guidelines that would help strengthen the…
Hong Kong, UAE to develop digital asset regulations, boost financial cooperation
The central banks of the UAE and Hong Kong forge closer ties in regulating digital assets as part…
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…