The Central Bank of the UAE approves AED Stablecoin’s preliminary license

The Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin, bringing the project a step closer to becoming the UAE’s first regulated dirham-pegged stablecoin. This move follows the CBUAE’s Payment Token Service Regulation framework, which outlines specific licensing requirements for digital tokens. AED Stablecoin’s in-principle approval positions it as

Source: Invezz