UAE, India central banks sign collaboration agreement on fintech, digital currencies

The Central Bank of the UAE signed on Wednesday an MoU with the Reserve Bank of India to further innovation in financial products and services.

Under the agreement signed in Abu Dhabi, the two national central banks will collaborate on fintech, including on digital currencies and interoperability between the two entities….

….The agreement also covers technical collaboration and knowledge sharing on the same lines, including emerging trends, regulations and policies.

“The MoU is expected to foster joint experimentation with regard to CBDCs and facilitate other digital innovation initiatives between the CBUAE and the RBI,” the report said.

“This bilateral engagement of testing cross-border use case of CBDCs is expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India and UAE,” it added.

https://english.alarabiya.net/business/banking-and-finance/2023/03/16/UAE-India-central-banks-sign-collaboration-agreement-on-fintech-digital-currencies

Daniel 7:23-24
“Thus he said: ‘The fourth beast will be a fourth kingdom on the earth, which will be different from all the other kingdoms and will devour the whole earth and tread it down and crush it. As for the ten horns, out of this kingdom ten kings will arise; and another will arise after them, and he will be different from the previous ones and will subdue three kings.

Revelation 17:12
The ten horns which you saw are ten kings who have not yet received a kingdom, but they receive authority as kings with the beast for one hour.

1 Corinthians 15:1-4

Now I make known to you, brethren, the gospel which I preached to you, which also you received, in which also you stand, by which also you are saved, if you hold fast the word which I preached to you, unless you believed in vain.

For I delivered to you as of first importance what I also received, that Christ died for our sins according to the Scriptures, and that He was buried, and that He was raised on the third day according to the Scriptures,

Ephesians 2:8-9

For by grace you have been saved through faith; and that not of yourselves, it is the gift of God; not as a result of works, so that no one may boast.

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