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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Pravica launches S3 testnet for CBDCs and stablecoins on sui blockchain
Money Tokenization built on blockchain just got an enormous boost with the launch of UAE and Egyptian based Pravica’s S3 (Stablecoin Studio on Sui) testnet...
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CBDC on the table in Oman with R3
In a Linkedin Post, Bryan D’Souza, Head of Business Development and Partnerships MENA at R3 expressed his positivity to be back in Oman discussing the...
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The Central Bank of UAE makes first official CBDC transaction to China
According to WAM news agency, as part of UAE’s Central Bank 50th anniversary, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime...
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KSA Bank to patent Blockchain system for CBDCs
The Saudi Islamic Development Bank Institute (IsDBI) is working to patent a Blockchain system for smart stabilization for CBDCs and digital assets after receiving a...
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R3 Blockchain Bolsters its presence in GCC with relocation of its Head of partnerships to Abu Dhabi
R3 Blockchain is establishing itself more in the GCC and MENA region, with Bryan D’Souza announcing his move to Abu Dhabi as Business Development and...
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