The Central Bank of the UAE has signed a Memorandum of Understanding with the National Bank of Kazakhstan and The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market to strengthen cooperation and information exchange in areas of mutual interest. The MoU provides for exchanges of information and expertise on best practices and regulatory approaches for developing local financial markets, FinTech and central bank digital currencies, including enabling CBDCs for cross-border transactions between the participating parties. It also covers sharing supervisory information and cooperation on Islamic banking and finance, cybersecurity and technical cooperation.
Central Bank of the UAE 2025-04-09
Central Bank of the UAE signs cooperation and information-sharing MoU with Kazakhstan’s central bank and financial market regulator
The Central Bank of the UAE signed a Memorandum of Understanding with the National Bank of Kazakhstan and the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market to enhance cooperation and information exchange. The MoU focuses on best practices and regulatory approaches in financial markets, FinTech, and central bank digital currencies, including cross-border CBDC transactions. It also includes collaboration on Islamic banking, cybersecurity, and technical cooperation.