Saudi Arabia Embraces Digital Currency Trial with China and BIS
Arabian Post Staff -Dubai Saudi Arabia has taken a significant step towards exploring digital currencies by joining a cross-border central bank digital currency (CBDC) project led by the Bank for International Settlements (BIS) and China. This move, announced by the BIS in February 2024, positions the kingdom as a full participant in Project mBridge, a collaborative initiative launched in 2021 alongside China, Hong Kong, Thailand, and the […]