Saudi Arabia

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Study: 77% of Saudis Aware of Cryptocurrencies, Only 18% Currently Buying and Selling

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More than three-quarters of Saudi Arabian residents are aware of cryptocurrencies, a new Yougov survey has found. However, the study also found that only 18% of those surveyed are presently buying and selling cryptocurrencies. Easy Accessibility of Virtual Coins According to the findings of a Yougov survey, about 77% of Saudi Arabian residents are aware … Read more

Saudi Arabia Princess on NFTs: ‘They Are the Next Medium of Artistic Expression’

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Non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and the ability to reach a diverse audience, Saudi Princess Reem Al Faisal has said. Decentralized Art According to the Saudi Arabian princess, Reem Al Faisal, NFTs are a natural evolution of art that gives artists the freedom to reach … Read more

Saudi Arabia Medical Institution Implements Blockchain-Based ‘Digital Credentialing Solution’

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Saudi Arabia’s King Faisal Specialist Hospital and Research Centre recently became one of the country’s early adopters of blockchain technology after it implemented a “digital credentialing solution.” Saudi Arabia’s Blockchain Goal The Saudi Arabian medical institution, King Faisal Specialist Hospital and Research Centre, (KFSHRC) recently completed a deployment of blockchain tech when it implemented “a … Read more

Saudi Princess Reem Al Faisal Launches ‘First’ Saudi NFT Collection

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Reem Al Faisal, the photography-loving Saudi Arabian princess, recently announced the launch of her first Saudi non-fungible token (NFT) collection on Opensea and an art gallery in the metaverse. Photography Career Saudi princess Reem Al Faisal has launched her first NFT collection, called “Mekkah and Madinah,” on the Opensea marketplace, as well as an art … Read more

Report: Blockchain Among Technologies to Be Prioritized by Saudi Arabia’s IT Decision Makers in 2022

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Blockchain is among six emerging technologies that will be prioritized by the Kingdom of Saudi Arabia (KSA)’s IT decision makers in 2022 and beyond, according to a recent study. Effect of Covid-19 The government of Saudi Arabia’s IT decision makers have named blockchain as one of the six technologies they plan to prioritize in 2022 … Read more

Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

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Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, and security requirements … Read more