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3232Saudi Arabia Leads MENA in Crypto Growth for Second Year Running
https://www.digit.info/saudi-arabia-leads-mena-in-crypto-growth-for-second-year-running/
Wed, 25 Sep 2024 22:46:17 +0000https://www.digit.info/saudi-arabia-leads-mena-in-crypto-growth-for-second-year-running/Read more]]>Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth […]
]]>Report: Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead
https://www.digit.info/report-saudi-arabias-central-bank-hires-virtual-assets-and-digital-currency-program-lead/
Tue, 06 Sep 2022 10:30:35 +0000https://www.digit.info/2022/09/06/report-saudi-arabias-central-bank-hires-virtual-assets-and-digital-currency-program-lead/Read more]]>The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider formally regulating cryptocurrencies. Saudi Arabia’s Changing Position on […]
]]>Report: Saudi Arabia Exploring Possibility of Implementing Blockchain in Government
https://www.digit.info/report-saudi-arabia-exploring-possibility-of-implementing-blockchain-in-government/
Sat, 23 Apr 2022 04:30:53 +0000https://www.digit.info/2022/04/23/report-saudi-arabia-exploring-possibility-of-implementing-blockchain-in-government/Read more]]>The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technology across its government as well as allowing the use of cryptocurrencies. However, an official said the kingdom can only successfully build blockchain-based solutions if it hires people that are proficient in this technology. Government Needs to Hire Talented Individuals Saudi Arabia […]
]]>Study: 54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments
https://www.digit.info/study-54-of-uae-and-saudi-arabia-survey-respondents-said-crypto-should-be-used-for-payments/
Tue, 12 Apr 2022 13:00:25 +0000https://www.digit.info/2022/04/12/study-54-of-uae-and-saudi-arabia-survey-respondents-said-crypto-should-be-used-for-payments/Read more]]>An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from going mainstream. Crypto as Currency According to the findings of a study by Checkout.com, […]
Saudi Arabia has emerged as the fastest-growing crypto economy in the Middle East and North Africa (MENA) region for the second consecutive year. Unlike other MENA countries, Saudi Arabia’s and Qatar’s crypto activity primarily stems from decentralized finance platforms. The majority of MENA’s crypto activity is driven by institutional and professional investors. Saudi Arabia’s Youth […]
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The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider formally regulating cryptocurrencies. Saudi Arabia’s Changing Position on […]
The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technology across its government as well as allowing the use of cryptocurrencies. However, an official said the kingdom can only successfully build blockchain-based solutions if it hires people that are proficient in this technology. Government Needs to Hire Talented Individuals Saudi Arabia […]
An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from going mainstream. Crypto as Currency According to the findings of a study by Checkout.com, […]