Kazakhstan and UAE Central Banks Sign MoU to Collaborate on VDA Regulations, CBDCs

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Kazakhstan is accelerating its digital Tenge CBDC plans and seeking guidance from the UAE to develop its Web3 capabilities. The National Bank of Kazakhstan (NBK) recently signed a Memorandum of Understanding (MoU) with the Central Bank of the UAE (CBUAE) to collaborate on fintech, cybersecurity, and CBDCs.

This partnership aims to leverage the UAE’s experience in the rapidly evolving virtual digital assets (VDA) landscape. Kazakhstan intends to adopt best practices from the UAE’s regulatory framework as it formulates its own guidelines for the sector. A delegation from the NBK visited the UAE to engage with CBUAE officials, highlighting the seriousness of Kazakhstan’s commitment to this collaboration. The partnership signifies Kazakhstan’s proactive approach to navigating the digital finance era, emphasizing its focus on innovation and secure integration of emerging technologies.

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