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The UAE Central bank is looking to launch virtual currency

This is part of the bank’s 2023-2026 action plan

UAE

The UAE Central bank is looking to launch virtual currency. Source: pexels.com

The UAE Central bank is looking to launch virtual currency, according to Nasdaq.

The plan entails promoting virtual currency in the financial sector.

This will be carried out through the adoption of modern technologies in the development of secure and strong financial digital tools, big data and artificial intelligence as well as promoting the green economy in the country.

We’ve reported that another major Korean bank will provide crypto custody services.

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