The UAE Central Bank has set its objectives for 2023-2026, among wihich is a plan to launching a digital currency. In all there are seven objectives, including driving digital transformation in the UAE’s financial services sector by utilising the latest artificial intelligence and big data solutions. The strategy will also see technology used across inspection, monitoring and insurance systems, in addition to utilising the UAE’s digital ID infrastructure (UAE Pass) to bolster financial inclusion and easy access to financial services. The UAE have talked about introducing digital currencies before, but now the country has set a clear timeline in its 2023-26 roadmap.

Source: https://cointelegraph.com/news/uae-to-experiment-and-launch-an-in-house-digital-currency

CH-019039 (Webpage Portal)
2021-07-12 (Published)
2021-07-28 (Updated)