China and UAE Praise Potential Role of CBDCs in Cross-Border Trade
![China and UAE Praise Potential Role of CBDCs in Cross-Border Trade China and UAE Praise Potential Role of CBDCs in Cross-Border Trade](https://i2.wp.com/static.news.bitcoin.com/wp-content/uploads/2024/05/2_news_bytes-1024x576-1-768x432.jpg?w=0&resize=0,0&ssl=1)
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China and the United Arab Emirates (UAE) have acknowledged the crucial role of central bank digital currency (CBDC) in facilitating cross-border trade and investment. In a joint statement, the two countries expressed their commitment to deepening bilateral and multilateral cooperation with respect to their CBDCs. China also expressed appreciation for the UAE’s recent direct cross-border […]