Crypto Updates

CBI and Fuze Target UAE’s Crypto Market in New Deal

dubai-uae-skyline

Commercial Bank International PJSC (CBI) and Fuze, a
digital asset infrastructure provider, have signed a Memorandum of
Understanding (MoU) to explore and develop digital asset solutions within the
UAE’s comprehensive regulatory frameworks.

According to a statement shared on Zawya, this
partnership signals a pivotal step in addressing the rising demand for
regulated cryptocurrency services in the region.

This collaboration is driven by the growing demand
for safe and regulated digital assets platforms in the UAE. The partnership
aims to promote new use cases for digital assets, focusing on investments and
payments.

Giovanni Everduin, the Chief Strategy and Innovation
Officer of Commercial Bank International, mentioned: “Pooling the
knowledge, expertise, and resources of CBI and Fuze will help us explore a
range of innovative new digital assets use cases for business and personal
finance.”

“This agreement will bring our customers closer
to the many opportunities of digital assets within a safe and regulated
environment, in line with the UAE’s world-class virtual assets
regulations.”

UAE’s Crypto Landscape

The collaboration between CBI and Fuze aims to
bolster the UAE’s expanding digital assets ecosystem. By leveraging
technologies and regulatory frameworks, both entities aim to facilitate
financial inclusivity and advance the digital transformation of the country’s
financial sector.

Commercial Bank International PJSC (CBI) and Fuze, a
digital asset infrastructure provider, have signed a Memorandum of
Understanding (MoU) to explore and develop digital asset solutions within the
UAE’s comprehensive regulatory frameworks.

According to a statement shared on Zawya, this
partnership signals a pivotal step in addressing the rising demand for
regulated cryptocurrency services in the region.

This collaboration is driven by the growing demand
for safe and regulated digital assets platforms in the UAE. The partnership
aims to promote new use cases for digital assets, focusing on investments and
payments.

Giovanni Everduin, the Chief Strategy and Innovation
Officer of Commercial Bank International, mentioned: “Pooling the
knowledge, expertise, and resources of CBI and Fuze will…

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