Central Bank of the UAE: Expected to launch central bank digital currency in the fourth quarter of 2025

ChainCatcher news, according to Cointelegraph, the Governor of the Central Bank of the UAE (CBUAE) Khaled Mohamed Balama stated that the country's blockchain-based central bank digital currency (CBDC) digital dirham is expected to be launched in the fourth quarter of 2025. This digital currency will help enhance financial stability and combat financial crime.

It is reported that the digital dirham will be accepted across all payment channels just like physical currency. Balama stated that the digital dirham will promote the development of innovative digital products, services, and new business models, while reducing costs and improving access to international markets.