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
Cardano Allocates $100 Million ADA to Boost DeFi Ecosystem

Ripple Mints 10M RLUSD Following GENIUS Act Passage

JetBolt Raises $3 Million for Gas-Free Blockchain Technology

Ethereum Could Potentially Rally Above $4,000 Amid Shrinking Supply and Strong ETF Demand

Trending news
MoreCrypto prices
More








