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Central Bank of Saudi Arabia Employed Blockchain-based Solution for Funds Reallocation

The Saudi Arabian Monetary Authority (SAMA) has reportedly employed a blockchain-based approach for the reallocation of funds to local banks. Specifically, SAMA reportedly disclosed that said funds...

Natalie Wu | Jun 09, 2020 18:19

Saudi-UAE Leaders Met To Discuss Plan For Their Upcoming Digital Currency

A meeting was held in UAE between 2 royal members of each nation, in an attempt to discuss the possibility of the jointly-issued digital currency plan. Specifically, His Highness Sheikh Mohamed bin...

Natalie Wu | Dec 01, 2019 11:05

Saudi Arabia Called for Alert Against Crypto Fraudsters Disguising as Gov’t Projects

The Finance Ministry of Saudi Arabia has called for extra alert against crypto scammers, employing the country’s emblem in advertising tokens for government-based projects. Reported by the Arab...

Natalie Wu | Aug 22, 2019 02:50

Arabia and UAE to Have A Common Cryptocurrency

The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) have announced a joint statement to launch a common digital currency project “Aber”. According to the...

Natalie Wu | Feb 01, 2019 04:09

UAE and Saudi Arabia Co-create New Joint Pilot Crypto

The United Arab Emirates (UAE) and Saudi Arabia are collaborating on the creation of a new cryptocurrency, and have launched a joint pilot crypto, according to Emirati media. It was unveiled at the...

Natalie Wu | Jan 22, 2019 08:00