Qasim Qazi’s Post

Exciting news! The Central Bank of the UAE has approved the launch of AE Coin, the first UAE dirham-backed stablecoin by AED Stablecoin LLC. This is a significant development for the UAE's financial sector, offering a stable, secure, and innovative way to conduct transactions. AE Coin is pegged to the UAE dirham and is regulated by the Central Bank, providing users with peace of mind. It has the potential to revolutionize financial services for businesses and individuals alike, enabling: >Secure payments >Integration with decentralized finance platforms >Transparent and cost-effective transactions The roadmap for AE Coin includes developing a mobile wallet app and expanding its use cases. With its focus on partnerships with leading financial institutions and payment gateways, AE Coin is poised to become a major player in the region's economic landscape. #UAE #Cryptocurrency #Stablecoin #AECoin #Blockchain #Fintech #DigitalCurrency #UAEInnovation #FinancialTechnology

𝗨𝗔𝗘 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗙𝗶𝗿𝘀𝘁 𝗗𝗶𝗿𝗵𝗮𝗺-𝗕𝗮𝗰𝗸𝗲𝗱 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 In a significant move for the UAE’s 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗲𝗰𝗼𝗻𝗼𝗺𝘆, 𝘁𝗵𝗲 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗮𝗻𝗸 𝗼𝗳 𝘁𝗵𝗲 𝗨𝗔𝗘 has granted in-principle approval for the country’s first 𝗗𝗶𝗿𝗵𝗮𝗺-𝗯𝗮𝗰𝗸𝗲𝗱 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻, 𝗔𝗘 𝗖𝗼𝗶𝗻. This landmark development brings together the security of fiat with the agility of blockchain technology. Here’s why this is a game-changer: 𝟭. 𝗦𝘁𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗦𝗲𝗰𝘂𝗿𝗲: AE Coin is fully backed by the UAE Dirham, providing users with a secure and stable digital currency that reduces the volatility typically associated with cryptocurrencies. 𝟮. 𝗗𝗲𝗙𝗶 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: AE Coin will integrate with decentralized finance (DeFi) platforms, enabling users to engage in decentralized lending, borrowing, and earning interest without intermediaries. 𝟯. 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗢𝘃𝗲𝗿𝘀𝗶𝗴𝗵𝘁: As the first regulated stablecoin in the UAE, AE Coin operates under the UAE’s 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗧𝗼𝗸𝗲𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻, ensuring full compliance with international financial standards. With AE Coin, businesses and individuals in the UAE will benefit from faster, low-cost transactions while contributing to the growth of the country’s digital economy. This marks a major step forward in the UAE’s vision to become a global leader in financial innovation. Source: AE Coin’s launch: https://lnkd.in/e-MVWB8t #UAE #Stablecoin #Blockchain #DeFi #FintechInnovation #DigitalPayments #Crypto #Gitex #Fintech #Dubai

The AED Stablecoin recently received in-principle approval from the Central Bank of the UAE to launch AE Coin, the first AED-backed stablecoin under the “Payment Token Services Regulation” (Circular No. 2/2024). This development is a significant step towards achieving the UAE’s Digital Government Strategy 2025, and it promises to reshape financial services with unmatched stability, security, and efficiency. At NH Management, we offer expert virtual assets regulatory compliance services. As the UAE accelerates its digital transformation, regulatory compliance is crucial for businesses entering the virtual assets space. Our team is here to guide you through the complexities of virtual assets licensing and ensure that your business meets all regulatory requirements. Contact us today to learn how we can support your regulatory needs as you explore opportunities in the UAE’s digital economy. #NHManagement #AECoin #Stablecoin #Blockchain #DigitalCurrency #VirtualAssets #RegulatoryCompliance #DeFi #CentralBankUAE #Crypto https://lnkd.in/dzsHQk-Z

Nigerian Banks Set To Launch Compliant Naira Stablecoin In 2024 ____ Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024. Naira Stablecoins The concept of a Naira stablecoin has been floating around for several years, with previous attempts in the past. The most recent was NGNT by the Token Mint consortium in 2019, consisting of major Nigerian crypto exchanges and African communities, including Helicarrier and Busha. NGNT is pegged 1:1 with the Naira and is on the Binance Smart Chain and the Ethereum Network, as BEP-20 and ERC-20 tokens, respectively. The New Naira Stablecoin (cNGN) The newly proposed cNGN will be a compliant and regulated consortium-based Naira stablecoin. The cNGN will be pegged 1:1 with NGN, but unlike previous NGN stablecoin attempts, it will be held by Nigerian banks. ... #makesensepromotions #makesensepm

Nigerian Banks Set To Launch Compliant Naira Stablecoin In 2024 ____ Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024. Naira Stablecoins The concept of a Naira stablecoin has been floating around for several years, with previous attempts in the past. The most recent was NGNT by the Token Mint consortium in 2019, consisting of major Nigerian crypto exchanges and African communities, including Helicarrier and Busha. NGNT is pegged 1:1 with the Naira and is on the Binance Smart Chain and the Ethereum Network, as BEP-20 and ERC-20 tokens, respectively. The New Naira Stablecoin (cNGN) The newly proposed cNGN will be a compliant and regulated consortium-based Naira stablecoin. The cNGN will be pegged 1:1 with NGN, but unlike previous NGN stablecoin attempts, it will be held by Nigerian banks. ... #makesensepromotions #makesensepm

Nigerian Banks Set To Launch Compliant Naira Stablecoin In 2024 ____ Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024. Naira Stablecoins The concept of a Naira stablecoin has been floating around for several years, with previous attempts in the past. The most recent was NGNT by the Token Mint consortium in 2019, consisting of major Nigerian crypto exchanges and African communities, including Helicarrier and Busha. NGNT is pegged 1:1 with the Naira and is on the Binance Smart Chain and the Ethereum Network, as BEP-20 and ERC-20 tokens, respectively. The New Naira Stablecoin (cNGN) The newly proposed cNGN will be a compliant and regulated consortium-based Naira stablecoin. The cNGN will be pegged 1:1 with NGN, but unlike previous NGN stablecoin attempts, it will be held by Nigerian banks. ... #makesensepromotions #makesensepm

UAE has taken big leap forward in their vision and “UAE Digital Government Strategy 2025” by introducing first UAE-AED backed stablecoin. The user of these fait currency backed coin will not only benefiting by blockchain technology but also will get the comfort for their investment. As this coin will be regulated by central bank of UAE, it will give more comfort and trust to user. #DeFi #DApps #digitalcurrency #crypto #Nexade #RWA #stablecoin

📢 Exciting News in the Web3 Space! The UAE is once again demonstrating its commitment to innovation with the Central Bank's approval of a new licensing system for stablecoins. This proactive approach is part of the UAE's Financial Infrastructure Transformation (FIT) program, aiming to boost digital transactions and foster a robust digital economy. At the Flip App, we believe that such forward-thinking regulatory frameworks are crucial. Governments must lean forward into the web3 space, ensuring stability and fostering innovation. Our recent focus on the UAE aligns with our vision to be at the forefront of financial digital transformation. #Web3 #Blockchain #Innovation #DigitalEconomy #UAE #FlipApp https://lnkd.in/dygSfacH

𝐔𝐀𝐄 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐁𝐚𝐧𝐤 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐀𝐄𝐃 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 Exciting news for the financial landscape! The UAE Central Bank has granted in-principle approval for the AED stablecoin, marking a significant leap in the country's crypto adoption. 𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬 o  AED Stablecoin LLC receives approval to launch AE Coin, the UAE's inaugural regulated stablecoin under the “Payment Token Services Regulation.” o  AE Coin combines stable fiat currency with fast blockchain technology, backed by UAE Dirhams, offering a safe and efficient payment method. o  Aligning with the UAE’s Digital Government Strategy 2025, AE Coin aims to enhance economic growth by providing innovative digital options for individuals and businesses. o  Utilizing robust blockchain technology, AE Coin ensures secure transaction records, fostering greater trust among residents and businesses in crypto. o  Plans to collaborate with online retailers and create a mobile wallet will enhance the practicality of digital currency in everyday life, driving further crypto adoption. 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: o  The approval signals a shift towards embracing cryptocurrencies in a regulated framework, paving the way for more innovations in financial services. o  By fostering a digital economy, the AED stablecoin could attract investments and encourage new business models in the UAE. o  Enhanced security features may encourage wider acceptance of crypto among residents, bridging the gap between traditional finance and the digital economy. o  This initiative positions the UAE as a frontrunner in the fintech space, setting an example for other nations in the region. As we anticipate the launch of AE Coin, it's clear that the UAE is committed to leading the charge in cryptocurrency innovation and adoption.  #UAE #Stablecoin #CryptoAdoption #DigitalEconomy #Blockchain #FinancialInnovation https://lnkd.in/dhch3acY Disclaimer: The Content in this post is for informational purposes only derived from references and does not constitute any professional advice. We do not claim ownership of any data or Information referenced.

Bangko Sentral ng Pilipinas move towards a central bank digital currency (CBDC) marks a significant stride in modernizing interbank payments, echoing Thailand's recent VAT exemption on digital asset trading. Governor Eli M. Remolona Jr.'s initiative reflects foresight in embracing digital innovation. Leveraging my experience in blockchain and digital asset advocacy and government relations, I'm poised to support Project Agila's impact on the Philippines' digital economy. This sets a precedent for ASEAN regional innovation, mirroring Thailand's ambitions in the digital asset landscape announced last week regarding their crypto VAT reform. (For more details, refer to Lee C. Chipongian's article in the Bangko Sentral ng Pilipinas Business section titled 'BSP digital currency possible next year.') https://lnkd.in/dSmja8Eg #innovation #asean #crypto #blockchain #philippines #cbdc Mel Songco Rory L. Torres Chezka Gonzales John Bailon Senator Robin Padilla Amor Maclang Brad Geiser Andre Peralta