The United Arab Emirates expects its digital dirham central bank digital currency to roll out in the fourth quarter of 2025.
According to a report in the Khaleej Times, Central Bank of the UAE Governor Khaled Mohamed Balama reportedly said that the blockchain-based currency could improve financial stability and help combat financial crime. According to the report, the retail sector could data-ct-non-breakable=”null” href=”https://www.khaleejtimes.com/business/uae-new-dirham-symbol-new-banknotes-digital-currency?_refresh=true” rel=”null” target=”null” text=”null” title=”null”>expect the issuance of a digital dirham in the last quarter of 2025.
“It [digital dirham] will further enable the development of innovative digital products,…
