• The UAE said their primary goal is to streamline cross-border transactions and stimulate innovations in the payments industry. 

The plan will include 3 major pillars that will rollout over the next 12-15 months.

• The first is a soft launch of an ongoing project between the central banks of Hong Kong, the Chinese mainland, the UAE, and Thailand.
• The second is proof-of-concept work for a bilateral CBDC bridge with India.
• The third is a proof-of-concept for a domestic and retail CBDC.

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