Central Bank of Bahrain studies how banks can offer stablecoins in the future
The Central Bank of Bahrain, while still piloting CBDCs, is moving forward with its stablecoin and crypto payments strategy and is currently studying the possibility...
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R3 DLT instrumental in UAE’s RAKBANK CBDC cross border transaction
R3 announced on LinkedIn that it was thrilled about the success of UAE RAKBANK in their first cross border CBDC transaction using mBridge in which...
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RAKBANK executes international remittance using CBDC
The National Bank of Ras Al Khaimah (“RAKBANK”) has become one of the first banks in the United Arab Emirates to execute an international remittance...
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Saudi Central Bank works with IMF on cost benefit analysis of wholesale CBDCs
The IMF (International Monetary Fund) has noted in its recent country report issued on Saudi Arabia: 2024 Article IV Consultation-Press Release; and Staff Report, that...
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In collaboration with Dubai’s virtual asset regulator, VARA, the 10th P2P Financial systems workshop
In collaboration with Dubai's virtual asset regulatory authority ( VARA), The DLT Science Foundation will host the 10th P2P Financial Systems International Workshop (P2PFISY 2024)....
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Central Bank of UAE and Seychelles cross border settlement’s MOU will extend to CBDCs
The Central Bank of UAE, and the Central Bank of Seychelles have signed two MOUs (Memorandum of Understanding), to utilize local currencies in settling cross...
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IMF: Bahrain, Saudi Arabia and UAE are in advanced CBDC stages
In a recent IMF blog, the International Monetary Fund noted that almost two-thirds of countries in the Middle East and Central Asia are exploring adopting...
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The Central Bank of UAE commences domestic CBDC payments phase
The Central Bank of the UAE (CBUAE)is planning for phase two implementation for domestic CBDC payments after the Central Bank with the Bank for International...
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Saudi’s Central Bank joins CBDC project, Mbridge
As the BIS (Bank for International Settlements) announced that it had reached a minimum viable product stage, Saleh Algrayan, AI Advisor at Bank for International...
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Qatar tests CBDC for settlement of large payments
The Qatar Central Bank (QCB) has announced the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC) and the...
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