RAKBank Wins In-Principle Approval for AED-Backed Stablecoin
RAKBank is preparing to join the United Arab Emirates’ (UAE’s) fast-evolving stablecoin ecosystem after receiving in-principle approval on Jan. 7 from the Central Bank of the United Arab Emirates (CBUAE) to issue a UAE dirham-backed payment token. In-principle approval means the CBUAE has agreed to RAKBank’s stablecoin plans subject to final regulatory and operational conditions,...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
