This week in Crypto News Recap, the UAE is on the right track to becoming a crypto powerhouse with a new CBDC hit and investing heavily in metaverse migration. Speaking of the metaverse, two Arab artists will perform at the first avatar concert in the Arab world.

In even more exciting news, Saudi Neom is making a big bet on its growth in the metaverse, and Emirates Airlines plans to use the potential of the metaverse to train new pilots.

Without further ado, let’s take a look at the main highlights of the past week in the amazing world of cryptocurrencies.

UAE Central Bank Successfully Completes First CBDC Pilot

The UAE Central Bank announced the successful completion of the first CBDC pilot program involving four jurisdictions and real value transactions. The Bank of…