Hong Kong
The Arab Federation for Digital Economy has signed a Memorandum of Understanding (MoU) with BMHL Crypto Limited, a Hong Kong–based company specializing in digital assets and financial technologies. The step aims to explore opportunities for cooperation in the field of stablecoins and examine ways to employ them as supportive tools for Arab economies and for both regional and international trade.
The MoU signing followed a series of meetings that discussed the technical and regulatory aspects of stablecoins, as well as the possibility of integrating them into Arab financial systems in alignment with international governance and regulatory standards.
The Federation explained that the MoU outlines a cooperation framework that includes studying the technical infrastructure required to launch stablecoins, coordinating with regulators in Hong Kong and several Arab countries to provide a safe and transparent pilot environment, in addition to organizing awareness and training programs that help build trust in modern digital financial solutions.
This initiative is viewed as a forward-looking step within the framework of the Arab Digital Economy Vision, providing Arab states with an opportunity to explore the potential of stablecoins in reducing transaction costs, accelerating payments, and expanding financial inclusion, thereby enhancing the efficiency and stability of their economic systems.
The Federation stressed that this cooperation reflects its orientation toward engaging with advanced financial and technological hubs, particularly in China and Hong Kong, in order to leverage their expertise and build strategic partnerships that enable Arab economies to keep pace with global transformations in the fintech sector.
