CBUAE introduces the ‘Digital Dirham’ as legal tender, modernising payments via regulated channels with strict KYC, transaction limits, and full traceability to counter illicit finance

The Central Bank of the UAE’s 2025 report aims to outline the progress and strategic objectives behind the development of the Digital Dirham, a central bank digital currency designed to modernise the national payments infrastructure. It seeks to enhance financial inclusion, security, and efficiency while enabling greater transparency and resilience against financial crime in both retail and wholesale transactions…