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United Arab Emirates officials announced that cryptocurrency transactions will be exempt from value-added tax (VAT), effective 15 November 2024.
cryptocurrency, digital assets, transactions , digital payments
The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have entered into a Bilateral Currency Swap Agreement between the UAE Dirham and the Egyptian Pound.
partnership, banking, financial services, financial institutions
The Central Bank of UAE has revealed its plans to complete the first phase of its central bank digital currency project in mid-2024.
CBDC, central bank, digital currency, banks
The Central Bank of the United Arab Emirates (CBUAE) has announced a plan to launch an Instant Payment Platform (IPP) in 2023 to facilitate financial transactions.
product launch, payments , online payments, real-time payments, instant payments, payment processor, payments infrastructure