Kazakhstan and UAE Forge Stronger Ties to Lead in Digital Finance Innovation
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Key Takeaways: Kazakhstan and the UAE are collaborating on fintech, cybersecurity, and CBDC development. Kazakhstani exchanges are set to integrate with the UAE’s Tabadul platform to enhance cross-border trading. Kazakhstan aims to harness AI and global expertise to revolutionize its financial market. The Kazakhstan delegation met with UAE officials to discuss cooperation. The visit included meetings with Khaled Balama, Governor of the Central Bank of the UAE (CBUAE), Bilal Jafar, Executive Director of the ADGM, and representatives of the ADGM Courtyard and the Dubai International Financial Centre (DIFC). High-Level Engagements: A Pathway for Future Partnership The visit took place on 26-27 March, and served as a stage for wide-ranging discussions between Kazakhstan and UAE financial authorities. Among the influential personalities the delegation interacted with were H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the UAE Securities and Commodities Authority, and H.E. Ghannam Butti Al Mazrouei, Chairman of the Abu Dhabi Securities Exchange. They focused on developing pathways for collaboration and knowledge exchange in several key areas: Innovation and adoption of fintech Cybersecurity protocols & best practices Designing: Regulatory Frameworks for Digital Assets Investigation of central bank digital currencies (CBDCs) A highlight of the visit was the signing of a Memorandum of Understanding (MoU) with the Central Bank of the UAE, which paves the way for enhanced cooperation to share best practices in a variety of critical domains. By strengthening institutional ties, both countries seek to create a more inclusive financial environment that can adapt to rapid technological advancements and evolving market demands. The goal here is to quickly develop solid financial markets, promote fintech innovation, enhance cybersecurity resilience, and investigate the possible introduction of central bank digital currencies (CBDCs) as a means of modernizing payment systems. Bridging Exchanges…
Filed under: News - @ April 5, 2025 7:21 am