The UAE has officially entered the regulated stablecoin race, where the private firm, Universal Digital Intl Limited, launched the first U.S. dollar-pegged token, registered by the Central Bank of the UAE, on January 29, aimed at enabling compliant digital-asset settlement under the country’s new payment token framework. USDU, Backed by
The central banking authority in South Korea has declared the establishment of a special virtual asset supervisory committee. At the same time, the Bank of Korea reorganized its research units on digital currencies to speed up the practical implementation work. These tactical actions are a sign of the changing attitude
Three major institutions in Abu Dhabi have jointly announced the proposed launch of a new dirham-pegged stablecoin. The initiative, which awaits regulatory approval, brings together sovereign wealth fund ADQ, First Abu Dhabi Bank (FAB), and the International Holding Company (IHC). Project Tied to UAE’s Regulatory and Currency Framework According to
The Central Bank of the UAE has granted in-principal approval for the first AED stablecoin. Furthermore, this milestone, announced on October 13, 2024, marks a significant advancement in the UAE’s digital currency landscape. The stablecoin will be pegged to the UAE dirham, aiming to provide stability for digital transactions. Al
Nigeria’s digital revolution took a bold step forward on Wednesday, May 3rd, as Prof. Ibrahim Pantami, Minister of Communications and digital economy, spearheaded the adoption of blockchain technology on a national level. BREAKING: The Federal Executive Council today approved @FMoCDENigeria’s National Policy on Blockchain. What this means is that @NigeriaGov
The Argentinian government prohibits crypto buyers from purchasing dollars. The bank will sell dollars to those that have not purchased crypto for 90 days. A new set of regulations from the Argentinian Central Bank have an impact on individuals and companies who have invested in cryptocurrencies as a hedge against
Crypto industry is growing big and mature day by day, increasing its user base on a massive note. More so, crypto communities are expanding in all parts of the world nurturing its services to all users. Especially in Argentina, in recent days people are adopting cryptocurrencies despite the market dip.
BIS initiates a survey of central banks. Approximately 95% of central banks are into CBDC. The next two years will witness the launch of numerous CBDCs. Once apparently neglected, criticized, and ridiculed, the crypto and Bitcoin (BTC) industry have come a long way. However, even a few years back, the
