UAE

Crypto

UAE's central bank conducts first digital Dirham transfer via mBridge CBDC platform

The Central Bank of the United Arab Emirates (UAE) executed its inaugural cross-border digital dirham transfer totaling 50 million dirhams (equivalent to $13.6 million) on January 29. This historic transaction, marking the golden jubilee celebration of the central bank's establishment, was conducted by Sheikh Mansour, the Chairman of the

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Abu Dhabi Establishes a DLT Framework for Web3 and DAO Entities

Abu Dhabi has taken a groundbreaking step by legalizing decentralized autonomous organizations (DAOs) and unveiling a comprehensive distributed ledger technology (DLT) framework. This progressive move not only provides a solid legal foundation for Web3 entities but also empowers them to issue tokens. Experts see this as a significant stride towards