UAE Central Bank: Central bank digital currency is expected to be launched in the fourth quarter of 2025
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), stated that the country's blockchain-based Central Bank Digital Currency (CBDC) Digital Dirham is expected to be launched in the fourth quarter of 2025. The digital currency will help enhance financial stability and combat financial crimes.
It is reported that the Digital Dirham will be accepted in all payment channels just like physical currency. Balama stated that the Digital Dirham will promote the development of innovative digital products, services, and new business models, while reducing costs and enhancing access to international markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US equities slide as trade war escalates, Powell signals no rate cut
Tariff and interest rate concerns overshadowed a positive March jobs report
Sei Investments increases 39% stake in MicroStrategy
Fidelity Spot Solana ETF Gains Traction As SEC Acknowledges Filing
Paul Atkins Moves Closer to SEC Chair Role After Senate Committee Approval
Trending news
MoreCrypto prices
More
