Kazakhstan and the UAE seek to strengthen cooperation in digital assets and blockchain technology

A delegation from the financial sector of Kazakhstan recently visited the United Arab Emirates (UAE) to strengthen cooperation in digital assets and blockchain technology. The visit took place from March 26th to 27th, with delegates including representatives from the National Bank of Kazakhstan and Agency for Regulation and Development of Financial Market (ARDFM). They interacted with key financial institutions and regulatory bodies in UAE. According to a statement by the National Bank of Kazakhstan, discussions focused on expanding digital asset fields, including regulatory frameworks and practical applications of blockchain technology. The National Bank of Kazakhstan signed a Memorandum of Understanding (MoU) with the Central Bank of UAE to exchange best practices in fintech, cybersecurity, and CBDC development. The delegation also met with Securities & Commodities Authority in UAE to discuss integrating Kazakhstani exchanges such as Astana International Financial Centre into Tabadul Digital Exchange in UAE. This collaboration aims at improving stock market infrastructure while promoting cross-border transactions through blockchain technology. Discussions were also held between Kazakhstani delegation, Mubadala Investment Company, and First Abu Dhabi bank about expanding investment cooperation with Kazakhstan.(Bitcoin.com)