Huobi has obtained a license in Dubai but is yet to secure approval to provide digital asset trading services, in addition to its new license in New Zealand.
In April, NPCI issued a notice that it was unaware of any digital currency exchanges using the UPI system. The statement was given shortly after Coinbase launched its services in India.
According to Nikkei, the two countries are revamping their CBDCs efforts in response to the growing popularity of Chinese payments apps like Alipay and WeChat Pay.
The decree majorly orders that the National Agency for Project Management be restructured into a new entity that will be called the National Agency for Perspective Projects (NAPP).
Bank of Israel partnered with the Hong Kong Monetary Authority and the Bank for International Settlements to test the feasibility of a digital shekel for retail use.