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<ul>
 <li>WadzPay lays a strong foundation in the UAE by supporting the country’s financial innovation initiatives.</li>
 <li>The UAE is working on a CBDC and a Digital Dirham stablecoin.</li>
 <li>WadzPay (WTK) holders prepare for massive upward surge amidst tier-1 listing anticipation.</li>
</ul>
<p>Market action has no effect on WadzPay’s progress in broadening blockchain applications to simplify seamless financial transactions across the globe. In its latest announcement WadzPay (WTK) shares its <a href="https://wam.ae/en/article/b3h9y1x-chaired-mansour-bin-zayed-cbuae-board-reviews" target="_blank" rel="noopener noreferrer nofollow">latest efforts in the UAE</a>.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/WadzPay?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@WadzPay</a> Welcomes CBUAE’s Approval of Series of Initiatives to Support Financial Infrastructure<br><br>The UAE Central Bank's progressive approach to digital currencies is a major win for financial innovation and market confidence!<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Swipe to understand how the Central Bank Digital… <a href="https://t.co/SQCbsEazdN" rel="noopener noreferrer nofollow">pic.twitter.com/SQCbsEazdN</a></p>— WadzPay (@WadzPay) <a href="https://twitter.com/WadzPay/status/1808742023463157762?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2024</a>
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<p>In detail, WadzPay has welcomed CBUAE’s approval of a series of initiatives to support its financial infrastructure. What this means is that the UAE Central Bank has taken a progressive approach towards digital currencies. This move marks a major win for the nation’s continued effort in financial innovation and boosts overall&nbsp; market confidence.&nbsp;&nbsp;</p>
<p>The post then dives deep into explaining how a <a href="https://u.ae/en/about-the-uae/strategies-initiatives-and-awards/strategies-plans-and-visions/finance-and-economy/central-bank-digital-currency-strategy" target="_blank" rel="noopener noreferrer nofollow">Central Bank Digital Currency (CBDC)</a> and stablecoin regulation will shape a new innovative future for finance in the UAE. The initiative was led by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the CBUAE.</p>
<p>The CBUAE Board went through the meeting’s agenda and discussed the progress and projects under this initiative. The main topic of discussion was the Financial Infrastructure Transformation Programme (FIT Program).</p>
<p>Under the FIT Program came the Central Bank Digital Currency discussion pertaining to the Digital Dirham and the Jaywan Domestic Card Scheme along with the Instant Payments Platform.</p>
<p>The progress of the CBDC agenda was well noticed and commended. The meeting also approved the issuance of a regulation for licensing and overseeing stablecoins. In fact, a series of policies aimed at supporting insurance and banking sectors was set in place for financial infrastructure.&nbsp;</p>
<p>All in all, it seems WadzPay is leaving big footprints in the UAE already. Having received its VASP and <a href="https://cryptonewsland.com/dubai-advances-crypto-adoption-wadzpay-receives-vara-initial-approval/" target="_blank" rel="noopener noreferrer nofollow">VARA approvals and license</a>, WadzPay is already laying down the groundwork. Meanwhile, WTK analysts notice a falling wedge pattern unfurling in the WTK charts and expect <a href="https://cryptonewsland.com/wtk-could-100x-as-wadzpay-gains-global-attention-amid-tier-1-listing-launch/" target="_blank" rel="noopener noreferrer nofollow">major price action</a> soon.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/digital-dirham-strategy-shows-uaes-faith-in-crypto-industry/" rel="noopener noreferrer nofollow">Digital Dirham Strategy Shows UAE’s Faith in Crypto Industry</a></li>
 <li><a href="https://cryptonewsland.com/uae-and-xrp-make-history-with-digital-dirham-in-cross-border-payment-to-china/" rel="noopener noreferrer nofollow">UAE and XRP Make History with Digital Dirham in Cross-Border Payment to China</a></li>
 <li><a href="https://cryptonewsland.com/uae-and-hong-kong-team-up-for-crypto-regulation-framework/" rel="noopener noreferrer nofollow">UAE and Hong Kong Team Up for Crypto Regulation Framework</a></li>
 <li><a href="https://cryptonewsland.com/wadzpay-unveils-blockchain-based-loyalty-solutions-how-high-will-wtk-pump-this-bull-cycle/" rel="noopener noreferrer nofollow">WadzPay Unveils Blockchain-Based Loyalty Solutions: How High Will WTK Pump This Bull Cycle?</a></li>
 <li><a href="https://cryptonewsland.com/wtk-could-100x-as-wadzpay-gains-global-attention-amid-tier-1-listing-launch/" rel="noopener noreferrer nofollow">WTK 100x Pump Possibility Takes Centre Stage as WadzPay Earns Global Attention Amid Tier-1 Listing Launch &nbsp;</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/wtk-bullis-as-wadzpay-fuels-cbuaes-approval-for-cbdc-and-stablecoin/" rel="noopener noreferrer nofollow">WTK Lays Bullish Foundation as WadzPay Fuels CBUAE’s Approval for CBDC and Digital Dirham Stablecoin&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

WTK Lays Bullish Foundation as WadzPay Fuels CBUAE’s Approval for CBDC and Digital Dirham Stablecoin

Crypto News Land

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