bilateral CBDC bridge
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The Central Bank of the United Arab Emirates plans to launch the digital dirhams and will launch the first phase of the CBDC strategy
On March 23, it was announced that the Central Bank of the United Arab Emirates (CBUAE) would implement its Central Bank’s Digital Currency (CBDC) strategy, known as the Digital Dirhams. CBUAE has invited two entities, G42 Cloud and R3, as infrastructure and technology providers. The first phase of its CBDC strategy will be carried out in the next 12 to 15 months, with emphasis on the soft launch of mBridge, the concept verification of the bilateral CBDC bridge with India, and the use of the domestic CBDC issuance concept verification…
