Category: Saudi Arabia

We have seen several central banks contemplate issuing their own digital currencies. So far, none of these projects have actually come to fruition. A new partnership between the UAE and Saudi Arabia’s central banks may change all that in the near future. Both entities are working on their own digital currency and blockchain-based system. Another Bank-issued Digital Currency Project Central banks have opposed Bitcoin and other cryptocurrencies for several years now. Given the uncontrollable and volatile nature of this new form of money, their opposition isn’t entirely surprising. However, these institutions have been taking a liking to the idea of creating their own