The Central Bank of the United Arab Emirates is set to launch its CBDC. The CBDCs are part of a larger program called FIT, which seeks to accelerate digital transformation. The Central Bank of the United Arab Emirates (CBUAE) recently launched its Financial Infrastructure Transformation (FIT) program. The program aims to support the country’s financial […]
The CBDCs are part of a larger program called FIT, which seeks to accelerate digital transformation.
The program aims to support the country’s financial services sector and promote digital transactions, with the goal of making theThe FIT program was launched in line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, who serves as Deputy Prime Minister and Minister of the Presidential Court, as well as Chairman of the CBUAE’s Board of Directors., the program will have nine key initiatives divided into three stages. The full integration of the program is slated for 2026.
The CBDC will facilitate both domestic and cross-border settlements. This move is aimed at addressing the inefficiencies and challenges associated with cross-border payments and driving innovation for domestic payments
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel authorizes West Bank outposts, despite U.S. admonitionJERUSALEM — Israel granted retroactive authorisation on Sunday to nine Jewish settler outposts in the occupied West Bank and announced the construction of new…
Read more »
Justin Trudeau orders Canadian and U.S. fighter jets to shoot down unidentified flying object over central YukonThis is the third such incursion by an unidentified object over North American airspace in a week.
Read more »
‘What is that?’: Strange, burning object spotted in sky over B.C. | Globalnews.caA soundless fireball was spotted Friday, around 7 a.m., moving across the morning sky in the Central Okanagan.
Read more »
Opinion | Humans aren’t widgets, and Canadian workers are not in ‘short supply’Ultimately, the terminology of ‘labour shortage’ propagates an employer-centric vision. It portrays the economy as a machine — and human beings as just another input to that machine (like energy, raw materials, or widgets). Opinion by JimboStanford
Read more »
Object destroyed over Yukon a day before PM scheduled to visit WhitehorsePrime Minister Justin Trudeau is expected to answer questions about a 'cylindrical object'' shot down over central Yukon when he visits the territory Sunday for a previously scheduled trip to Whitehorse.
Read more »
Trudeau says object over Yukon shot down because of threat posed to aircraftTrudeau gave order to shoot down object after it was discovered in Canadian airspace over central Yukon
Read more »