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
Grayscale Pushes for Spot ADA ETF Amid SEC Delays

Grayscale Pushes for SEC Approval of Cardano Spot ETF

Altcoin Market Faces Over 10% Vanishing Amidst Regulatory Shift

BlockDAG Presale Ends; Exchange Listings Announced

Trending news
MoreCrypto prices
More








