cbdc

UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025

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UAE Plans to Launch Digital Dirham CBDC, Integrated Wallet in Q4 2025

The Central Bank of the UAE (CBUAE) plans to launch its Digital Dirham central bank digital currency (CBDC) between October and December. On Thursday, the bank said that the Digital Dirham token will improve security and efficiency of financial transactions, while reducing the costs of facilitating national and international payments. The CBUAE has also created … Read more

South Korea’s Central Bank to Start CBDC Trials for Real-World Transactions: Reports

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South Korea’s Central Bank to Start CBDC Trials for Real-World Transactions: Reports

South Korea’s central bank is set to launch CBDC trials for real-world transactions under the “Digital Test Project Hangang,” according to local reports citing BoK officials. The three-month programme is said to involve seven banks and 100,000 participants that will be testing blockchain technology’s role in finance. The BoK reportedly sees this large-scale pilot as … Read more