Two of the largest economies in the Middle East have described a central bank digital currency as an improvement over the centralized payment systems.
Saudi Arabian business leaders propose a blockchain-based passport that allows businesses to participate in the global value chain.
Saudi Arabia’s central bank has revealed that it used blockchain to inject liquidity into local banks as part of its efforts to explore emerging technology.
Saudi and UAE to launch CBDC, Afghan using blockchain in healthcare, HSBC and Bank of New York launch blockchain projects and more.
Six commercial banks in Saudi Arabia and the United Arab Emirates (UAE) recently joined a crypto project.
The Saudi-Emirati Coordination Council has included a joint cryptocurrency among socioeconomic initiatives to be pursued.