UAE announces the creation of their own national cryptocurrency

The Central Bank of the United Arab Emirates announced a development strategy for 2023-2026, which included the creation of their own digital currency.
UAE announces the creation of their own national cryptocurrency

According to Emirates News Agency, the creation of their own national e-currency is included in the development plan of the central bank of the country for the years 2023-2026. The main goal of the central bank's development is to become one of the top ten central banks in the world.

Until now, the UAE's central bank has already engaged with the Saudi Arabian authorities to create a national digital currency. They jointly created a prototype, which was called Aber.

Now China is the closest to creating a national digital currency. Information from project cry​ptodefix.com. China plans to launch the project by the beginning of the Winter Olympics in Beijing in 2022. The digital currency can be freely used and paid for.

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