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...
September 13, 2024
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CBDC
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...
September 10, 2024
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...
September 5, 2024
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...
August 13, 2024
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...
July 22, 2024
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...
June 18, 2024
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...
June 5, 2024
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...
June 5, 2024
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...
June 2, 2024
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...
April 29, 2024
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