Central Bank of the United Arab Emirates

On March 23, it was announced that the Central Bank of the United Arab Emirates (CBUAE) would implement its Central Bank\’s Digital Currency (CBDC) strategy, known as the Digital Di

On March 15th, the Reserve Bank of India and the Central Bank of the United Arab Emirates signed a memorandum of understanding to promote innovation in financial products and services, including cooperation in the central bank’s digital currency. The Bank of India and the Central Bank of the United Arab Emirates will cooperate on CBDC Analysis based on this information:The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) recently signed a memorandum of understanding (MoU) to encourage innovation in financial products and services. The agreement has been made to enhance cooperation in the areas of financial technology, digital currencies, and supervisory technology. Both central banks will share their knowledge and expertise on innovations that will enhance the delivery of financial products and services within their respective jurisdictions. The MoU will enable the central banks to work together to develop common technology standards and infrastructure to ensure that their digital currencies can be used…