In response to the lifestyle of hijabi women in the Middle East, and with …
Read More »RAKBANK Receives In-Principle Approval to Launch an AED-Backed Stablecoin
RAS AL KHAIMAH/GULF TIME RAKBANK announced today that it has received in-principle approval from the Central Bank of the UAE (CBUAE) to issue an AED-backed payment token i.e., stablecoin, subject to the completion of regulatory and operational requirements. This marks an important step in RAKBANK’s digital assets journey and reflects the Bank’s commitment to developing regulated, secure and transparent financial …
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