{"id":5984,"date":"2021-07-12T13:13:10","date_gmt":"2021-07-12T12:13:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=5984"},"modified":"2021-07-12T13:13:18","modified_gmt":"2021-07-12T12:13:18","slug":"uaes-central-bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uaes-central-bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026\/","title":{"rendered":"UAE&#8217;s Central Bank sees a digital currency as part of its goal for 2023-2026"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Amongst the different priorities laid out by <a href=\"https:\/\/coinscreed.com\/staging\/regulators-are-targeting-global-exchanges-putting-binance-under-regulatory-scrutiny.html\" data-type=\"post\" data-id=\"4730\">UAE regulators<\/a>, the need for a digital currency seems to be one of them and it is all set to go in for major digital strategy as part of its 2023-26 roadmap.<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"595\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/UAEs-Central-Bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026.jpg\" alt=\"UAE's Central Bank sees a digital currency as part of its goal for 2023-2026\" class=\"wp-image-5985\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/UAEs-Central-Bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026.jpg 800w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/UAEs-Central-Bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026-300x223.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/UAEs-Central-Bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026-768x571.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>The UAE Central Bank has defined its priorities for the years 2023-2026, with the goal of becoming one of the top ten central banks in the world. The creation of a digital currency is also one of the goals.<\/p>\n\n\n\n<p>There are seven goals in total, including<a href=\"https:\/\/www.google.com\/search?q=UAE%27s+Central+Bank+sees+a+digital+currency+as+part+of+its+goal+for+2023-2026&source=lmns&bih=568&biw=1366&rlz=1C1SQJL_enNG889NG889&hl=en-GB&sa=X&ved=2ahUKEwjb17ybv93xAhUEHBoKHQyICkwQ_AUoAHoECAEQAA\" target=\"_blank\" rel=\"noopener\"> fostering digital transformation in the UAE's financial services sector<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> through the use of cutting-edge artificial intelligence and big data technologies.<\/p>\n\n\n\n<p>In addition to utilizing the UAE's digital ID infrastructure (UAE Pass) to bolster financial inclusion and easy access to financial services, the approach will see technology applied throughout the inspection, monitoring, and insurance systems.<\/p>\n\n\n\n<p>Apart from developing safe cloud infrastructure to operate financial and insurance services, the strategy intends to assist the UAE's &#8216;green economy' initiatives and continue to focus on developing more creative financial infrastructure to increase the UAE's competitiveness in this field.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/japans-central-bank-digital-currency-cbdc-will-enter-its-second-phase-by-2022.html\" data-type=\"post\" data-id=\"4974\">Central Bank UAE<\/a> has launched a survey titled &#8220;Future Expectations and Needs of Partners Survey,&#8221; which will be performed on July 15 in keeping with the UAE Centennial 2071 goal of making the UAE the finest in the world.<\/p>\n\n\n\n<p>The UAE and other Gulf economies have discussed the possibility of implementing digital currency at some point. The UAE regulator has established a defined schedule by including it in its 2023-2026 roadmap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amongst the different priorities laid out by UAE regulators, the need for a digital currency seems to be one of them and it is all set to go in for major digital strategy as part of its 2023-26 roadmap. The UAE Central Bank has defined its priorities for the years 2023-2026, with the goal of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":5985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[933,717,1394],"class_list":["post-5984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-central-bank","tag-digital-currency","tag-uae"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/UAEs-Central-Bank-sees-a-digital-currency-as-part-of-its-goal-for-2023-2026.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/5984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=5984"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/5984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=5984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=5984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=5984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}