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UAE’s Central Bank to Issue CBDC under New FIT Programme

<p>The Central Bank of the United Arab Emirates (CUBUAE) will launch a central bank digital currency (CBDC) as one of the nine initiatives under its newly-launched Financial Infrastructure Transformation Programme (FIT). The apex bank disclosed this on Sunday in a press release published on its website.</p><p>According to the <a href=”https://www.centralbank.ae/media/mdupathy/cbuae-launches-a-financial-infrastructure-transformation-programme-to-accelerate-the-digital-transformation-of-the-financial-services-sector-en.pdf” target=”_blank” rel=”follow”>announcement</a>, the other eight initiatives include the launch of […]

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