UAE Launches ‘Financial Infrastructure Transformation’ Program; CBDC Among 9 Key Objectives
On Feb. 12, 2023, the Central Bank of the United Arab Emirates (CBUAE) introduced the launch of a brand new initiative referred to as the...
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies...