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
USDC Treasury Mints $250 Million on Solana Blockchain
zkLend Exploiter Claims to Lose $9.6M Stolen Funds to Phishing Scam
The hacker responsible for the $9.6 million exploit of zkLend claims to have lost a significant amount of the stolen funds to a phishing scam that mimicked Tornado Cash.
SpaceX Launches First Manned Mission to Orbit Earth’s Poles, Led by Crypto Entrepreneur
Elon Musk’s SpaceX has embarked on a groundbreaking mission, sending four private astronauts on the first-ever human spaceflight to orbit the North and South Poles.
Bitcoin Mining Shifts to Cleaner Energy as Coal Use Declines
Bitcoin mining has shifted towards cleaner energy sources over the past 13 years.
Trending news
MoreCrypto prices
More
