CBDC Rises In The Emirates: Why The UAE Central Bank Is Interested In Issuing A Digital Currency

In recent months, initiatives surrounding central bank digital currencies, (CBDC) have gained traction as banking authorities attempt to streamline cross-border transactions and stimulate innovation in the payments industry. Regulators in Asia, Europe, and South America are becoming more interested in implementing virtual currencies issued by their respective governments. In the Gulf area, the Central Bank of