Project Aber: CBDC an improvement over current fiat systems
Two of the largest economies in the Middle East have described a central bank digital currency as an improvement over the centralized payment systems.
Latest Saudi Arabia News
Saudi Arabia proposes blockchain business passport to ease cross-border trade
Saudi Arabian business leaders propose a blockchain-based passport that allows businesses to participate in the global value chain.
Saudi Arabia uses blockchain to inject funds into local banks
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.
This week in tech: Saudi Arabia, UAE, France, Afghanistan, Germany turn to blockchain
Saudi and UAE to launch CBDC, Afghan using blockchain in healthcare, HSBC and Bank of New York launch blockchain projects and more.
Saudi authorities: Beware of crypto scams
Saudi officials warn a scam is pretending to be connected to the state and pushing CriptoRiyals.
Banks in Saudi Arabia, UAE join cross-border crypto project
Six commercial banks in Saudi Arabia and the United Arab Emirates (UAE) recently joined a crypto project.
Saudi-UAE council explores blockchain
The Saudi-Emirati Coordination Council has included a joint cryptocurrency among socioeconomic initiatives to be pursued.
Saudi Arabia bans crypto over ‘high risks,’ ‘negative consequences’
The Kingdom of Saudi Arabia has made cryptocurrencies illegal by diktat, following a change in the law designed to protect residents from engaging in crypto transactions.