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Cryptopolitan 2023-10-12 17:40:39

Hong Kong and UAE central banks intensify collaboration to foster the development of CBDCs

Hong Kong and the United Arab Emirates (UAE) have intensified their financial collaboration through various fintech initiatives. The partnership’s primary focus is to develop Central Bank Digital Currencies (CBDCs) to improve cross-border trade, payment systems, and virtual asset regulations. A “bilateral working group,” constituting stakeholders from both banking sectors, has been formed between the central ... Read more

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