China and UAE Praise Potential Role of CBDCs in Cross-Border Trade

China and the United Arab Emirates (UAE) have acknowledged the essential position of central financial institution digital foreign money (CBDC) in facilitating cross-border commerce and funding. In a joint assertion, the 2 international locations expressed their dedication to deepening bilateral and multilateral cooperation with respect to their CBDCs. China additionally expressed appreciation for the UAE’s latest direct cross-border […]



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