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UAE to launch digital Dirham for retail by late 2025

Summary by thepaypers.com
The UAE Central Bank has decided to advance its plans to introduce a CBDC, with the Digital Dirham expected to be launched for retail use by the end of 2025.
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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Digital Pound Foundation - Incorporated on 22 June 2021, the Digital Pound Foundation is an independDigital Pound Foundation - Incorporated on 22 June 2021, the Digital Pound Foundation is an independ

Bank of Korea to Launch CBDC Pilot for Real-World Transactions - Digital Pound Foundation

According to an article from Choi Ari and Lee Jae-eun at Cushon Daily, the Bank of Korea (BOK) has announced the launch of Project Hangang, a three-month pilot program to test the use of a central bank digital currency (CBDC) in real-world transactions. Scheduled to run from April to June, the initiative will allow 100,000 participants to convert their bank deposits into digital tokens for everyday payments. Unlike cryptocurrencies that operate …

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criptonoticias.comcriptonoticias.com

This Arab country takes the lead in the digital euro and presents its CBDC

With the issuance of the digital dirham, the UAE also plans to counter the United States' advance in the cryptocurrency world. Read more

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thepaypers.comthepaypers.com

UAE to launch digital Dirham for retail by late 2025

The UAE Central Bank has decided to advance its plans to introduce a CBDC, with the Digital Dirham expected to be launched for retail use by the end of 2025.

Read Full Article
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thepaypers.com broke the news in on Monday, March 31, 2025.
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