Saudi Arabia has joined a group of countries seeking to trial cryptocurrencies for cross-border central banks dominated by China.This may…
Browsing: Saudi Arabia
Saudi Arabia has shown increasing interest in crypto and blockchain technology, emphasizing regulatory frameworks and innovation.
The Saudi Arabian Monetary Authority (SAMA) has explored blockchain applications and partnered with the UAE on a digital currency initiative.
Despite a cautious approach, the country aims to integrate blockchain into its financial ecosystem, fostering a balanced and secure adoption of digital assets.