saudi arabia News and Articles

Saudi Arabia’s Central Bank assigned a lead for virtual assets and the digital currency program to bring its cryptocurrency goals into reality. Previously, officials of the country expressed worries about the speculative nature of digital assets. According to Bloomberg, the head of the program is...

Back in the winter of 2019, it became known about the plans of the United Arab Emirates and Saudi Arabia to issue a joint digital currency as part of the so-called Abra project. The same states are moving towards the creation of their national tokens (CBDC). The Abra project is the basis for the...