Kazakhstan, UAE seek to strengthen cooperation on digital assets and blockchain technology

PANews reported on April 3 that according to Bitcoin.com, a delegation from the financial sector of Kazakhstan recently visited the United Arab Emirates (UAE) to strengthen cooperation between the two sides in digital assets and blockchain technology. The visit took place from March 26 to 27. The delegation included representatives from the National Bank of Kazakhstan and the Agency for Supervision and Development of Financial Markets (ARDFM), who exchanged views with major financial institutions and regulators in the UAE. According to a statement from the National Bank of Kazakhstan, the focus of the discussions between the two sides was the expanding field of digital assets, including regulatory frameworks and practical applications of blockchain technology. The National Bank of Kazakhstan signed a memorandum of understanding (MoU) with the Central Bank of the UAE to exchange best practices in fintech, cybersecurity and CBDC development.

The delegation also met with the UAE Securities and Commodities Authority to explore the integration of Kazakh exchanges such as the Kazakh Stock Exchange and the Astana International Financial Center with the UAE's Tabadul Digital Exchange. This cooperation aims to improve stock market infrastructure and facilitate cross-border transactions through blockchain technology. The Kazakh delegation also held discussions with Mubadala Investment Company and First Abu Dhabi Bank to expand investment cooperation with Kazakhstan.

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Author: PA一线

This content is for market information only and is not investment advice.

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