The CBUAE Board of Directors approved the issuance of a regulation for licensing and overseeing stablecoins alongside a series of policies to support the banking and insurance sectors and enhance financial infrastructure services. HH Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE), chaired the meeting at Qasr Al Watan, Abu Dhabi.
During the meeting, the Board reviewed the agenda and assessed the progress of various projects and plans. A key focus was the Financial Infrastructure Transformation Programme (FIT programme), which aims to foster innovation, digital transactions, and the UAE’s digital economy. Notable projects under this programme include:
- The Central Bank Digital Currency (Digital Dirham).
- The Jaywan Domestic Card Scheme.
- The Instant Payments Platform (Aani).
The Board also discussed updates on the implementation of memorandums of understanding between the CBUAE and other central banks. Additionally, the meeting addressed new policies to enhance Emiratisation and support UAE nationals in the banking, financial and insurance sectors.
