Techub News: The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority held their third meeting in Abu Dhabi, jointly hosted by H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and the Chief Executive of the HKMA, Yu Weiwen. The meeting focused on cross-border debt capital market connectivity, digital assets, tokenization and central bank digital currency development, trends in stablecoin regulation frameworks, and supply chain financing, continuing efforts to strengthen financial services cooperation and connectivity between the two sides. Following the signing of a Memorandum of Understanding at the second meeting held in Hong Kong in December 2024, the Central Bank of the UAE has joined the Hong Kong Central Clearing and Settlement System (CMU), further promoting connectivity in the debt capital markets.
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Techub News: The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority held their third meeting in Abu Dhabi, jointly hosted by H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and the Chief Executive of the HKMA, Yu Weiwen. The meeting focused on cross-border debt capital market connectivity, digital assets, tokenization and central bank digital currency development, trends in stablecoin regulation frameworks, and supply chain financing, continuing efforts to strengthen financial services cooperation and connectivity between the two sides. Following the signing of a Memorandum of Understanding at the second meeting held in Hong Kong in December 2024, the Central Bank of the UAE has joined the Hong Kong Central Clearing and Settlement System (CMU), further promoting connectivity in the debt capital markets.