UAE joins China’s crypto alliance to boost overseas payments via digital yuan

UAE joins China’s crypto alliance to boost overseas payments via digital yuan

February 25, 2021

The tie-up also includes Thailand and Hong Kong, as China’s central bank aims for an official launch of its e-currency.
China is testing e-payments using its digital yuan in Shenzhen and Chengdu. The Emirates last year launched its own initiative for a common cryptocurrency with Saudi Arabia called Aber.

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