Vaibhavv Ali
The creation of a CBDC intends to alleviate cross-border payment inefficiencies and promote innovation in domestic payments. As the first phase of its recently established financial infrastructure transformation (FIT) program, the Central Bank of the United Arab Emirates (CBUAE) intends to introduce a central bank digital currency (CBDC) for both domestic and international use. The … Read more
Dubai publishes new rules for regulating cryptocurrency in relation to service providers for virtual assets. Market participants in the Emirate of Dubai are subject to the regulations, with the exception of those who are located in the Dubai International Financial Centre.Additionally, the latest set of rules from the Virtual Assets Regulation Authority lays out specifications … Read more
Blockchain-focused businesses will receive support from the Hub71 + Digital Assets ecosystem. $2 billion project has been launched by Hub71, Abu Dhabi’s digital ecosystem, to support blockchain and Web3 firms in the area. In addition, startups will have access to a variety of initiatives and possible corporate, governmental, and investment partners through the Hub71+ Digital … Read more