Dubai’s Department of Finance (DoF) has successfully tested the settlement of crypto payments to fiat AED currency or AED stablecoins for its governmental service fees. The testing was done in ...

Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions. Consumers in Dubai will soon be able to use digital currency to pay for ...

CBDC is a digital form of a country’s sovereign currency designed to function as a digital equivalent of traditional banknotes and coins. More than 100 countries today are exploring the potential ...

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported Sunday, September 16. Speaking during a panel he was ...

The initiative brings two major shifts: for residents, a new entry point into sovereign, Shariah-compliant savings; for the ...

Well, this is a big deal in that it gives a glimpse into what is going on in the digitization of asset classes. OneGram, which is an Islamic financial services and technology firm, is teaming up with ...

ABU DHABI (Reuters) - The United Arab Emirates is working with Saudi Arabia's central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries, ...

While the world waits to see how the People’s Bank of China moves to regulate bitcoin and digital currencies, another central bank is quietly putting its own rules in place. The Central Bank of the ...

As the QE2 leaves the UK for the final time before becoming a floating hotel in Dubai, figures from foreign currency expert M&S Money suggest that the region continues to be a popular winter ...