ABU DHABI, 23rd March, 2023 (WAM) The Central Bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme.The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology providers respectively for its CBDC implementation.Following several successful CBDC initiatives including Project “Aber” with the Saudi Central Bank in 2020, which confirmed the.
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