The UAE Central Bank has launched Jaywan, a domestic payment scheme that processes transactions through local infrastructure, reducing reliance on international networks. This initiative mandates data localization and aims to support the UAE's goal of a cashless society by 2030.
The Central Bank of the UAE has implemented a nationwide unified KYC platform to standardize customer identification processes across financial institutions. This initiative enhances AML/CTF compliance through centralized verification and digital onboarding, requiring financial institutions to adopt the new system.
The Abu Dhabi Global Market's Financial Services Regulatory Authority has granted regulatory approval for Ondo Finance's tokenized stocks and ETFs to trade on Binance's regulated platform. This marks the first approval under ADGM's tokenized securities framework, enabling UAE-based financial institutions to trade digital equities on a regulated venue.
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