UAE Pioneers Financial Innovation with CBDCs: ICAEW and UBF Join Forces

The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with the UAE Banks Federation (UBF) to aid companies in the digital asset landscape, coinciding with the UAE's pilot of Central Bank Digital Currencies (CBDCs). The UAE is among 36 countries exploring CBDCs.

The Institute of Chartered Accountants in England and Wales (ICAEW) has teamed up with the UAE Banks Federation (UBF) to assist companies in navigating the fast-paced digital asset landscape.

This collaboration aligns with the UAE's advanced pilot of Central Bank Digital Currencies (CBDCs), positioning the nation as a leader in financial innovation.

Jamal Saleh, Director-General of UBF, remarked on the UAE's forward-thinking approach, highlighting both the opportunities and security measures required.

Hanadi Khalife, Head of Middle East at ICAEW, lauded the UAE's initiative, noting the critical role accountants play in this digital transition.

(With inputs from agencies.)