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UAE plans to introduce digital currency

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UAE Central Bank fines 11 banks for compliance failure
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The Central Bank of the UAE has announced aims to introduce digital currency as part of its 2023-2026 strategy, as state news agency WAM reports.

The strategy includes supporting digital transformation in the financial services sector by adopting the latest technologies in artificial intelligence and big data, developing a strong and secure financial cloud infrastructure, and supporting the green economy in the UAE, it said.
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