Crypto
UAE Unveils CBDC Strategy, First Phase to Be Completed by Mid-2024
![](https://blacknewsdaily.com/wp-content/uploads/2023/03/IZGIXBO6RFB7PC4STDKOG7UQHI-780x470.jpg)
The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong, the Chinese mainland, the United Arab Emirates and Thailand to study cross-border payments and multi-CBDC transactions.