India And UAE To Collaborate On Developing Digital Currencies

According to an announcement on Wednesday, India and the UAE will collaborate on developing digital currencies.

India and the United Arab Emirates will jointly conduct pilot programs on central bank digital currencies, or CBDCs, according to an announcement on Wednesday.

The Reserve Bank of India and the Central Bank of the United Arab Emirates signed a memorandum of understanding in Abu Dhabi to explore the interoperability between the CBDCs of the two countries.

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