The United Arab Emirates Banks Federation (UBF) said in a statement that the federation, in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), has helped companies navigate the rapidly evolving digital asset landscape.
Publish dateThursday 8 August 2024 - 15:31
CBDCs are digital forms of a country's sovereign currency that are issued and regulated by a central bank. They are designed to work alongside traditional physical currencies and provide a secure and efficient way to conduct digital transactions.
The UAE is one of only 36 countries in the world currently piloting them.
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Source : news agency wam
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