From Pilot to Policy: The Accelerated Adoption of Digital Currencies in MENA

From Pilot to Policy: The Accelerated Adoption of Digital Currencies in MENA

A significant focus has been placed on the development of Central Bank Digital Currencies (CBDCs) within the Middle East and North Africa (MENA) region, highlighting the UAE’s strides in digital currency integration. A recent EY report outlined the UAE Central Bank’s ongoing efforts to incorporate the digital Dirham, inviting commercial banks and payment processors to […]

Central bank of Egypt (CBE) studies using central bank digital currency

Central bank of Egypt (CBE) studies using central bank digital currency

Source: Daily News Egypt The Central Bank of Egypt (CBE) revealed that it is studying applying Central Bank Digital Currency (CBDC). CBE indicated that CBDCs are safe and stable, as an alternative to other types of cryptocurrencies and their risks regarding the digital economy, financial inclusion and digital financial services, as a continuation of the […]

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