{"id":9562,"date":"2021-07-13T23:54:26","date_gmt":"2021-07-13T23:54:26","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/uae-central-bank-unveils-plan-to-launch-digital-currency\/"},"modified":"2021-07-13T23:54:26","modified_gmt":"2021-07-13T23:54:26","slug":"uae-central-bank-unveils-plan-to-launch-digital-currency","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/uae-central-bank-unveils-plan-to-launch-digital-currency\/","title":{"rendered":"UAE Central Bank Unveils Plan to Launch Digital Currency"},"content":{"rendered":"<p><strong>The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world\u2019s top 10 central banks.<\/strong><\/p>\n<p>A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs). The Central Bank of the United Arab Emirates (CBUAE) revealed Monday its plan to issue a state-backed digital currency within the next five years.<br \/>\nThe announcement was part of the central bank\u2019s \u201c2023-2026 strategy\u201d to \u201cposition it among the world\u2019s top 10 central banks.\u201d<br \/>\nThere are seven objectives in total, according to Gulf News. Among them was \u201cissuing a digital currency and driving digital transformation in the UAE\u2019s financial services sector, by utilizing the latest artificial intelligence and big data solutions.\u201d<\/p>\n<p><!-- growjs zone placement 31 -->   <!-- end of growjs zone placement --> <\/p>\n<p>The UAE\u2019s Securities and Commodities Authority (SCA) published its decision on cryptocurrency regulation on Nov. 1, 2020, after consulting with the crypto industry and the public. The document describes the SCA\u2019s licensing regime for anyone wanting to offer crypto-related services within the UAE. It covers initial coin offerings (ICOs), exchanges, marketplaces, crowdfunding platforms, and custodian services.<br \/>\nChainalysis\u2019 Global Crypto Adoption Index published last September ranked the UAE fifth in the Middle East.<\/p>\n<p><em><strong>What do you think about the UAE central bank launching a digital currency in five years? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nRegulation, central bank digital currency, UAE, uae bitcoin, uae cbdc, UAE central bank, uae crypto, uae crypto regulation, uae cryptocurrency, uae digital currency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the United Arab Emirates has unveiled its plan to launch a digital currency as part of its 2023-2026 strategy to become one of the world\u2019s top 10 central banks. A growing number of central banks worldwide are working to launch central bank digital currencies (CBDCs). The Central Bank of the United&hellip;<\/p>\n","protected":false},"author":0,"featured_media":9563,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9562"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9562"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9563"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}