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
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
