Saudi Arabia to Launch Cryptocurrency Next Year

[kreslik.news]

Saudi Arabia will be launching its own cryptocurrency next year. That’s according to Mohsen Al Zahrani, Head of Innovation at the Saudi Arabia Monetary Authority (SAMA) – the Middle Eastern country’s financial regulator.

Al Zahrani’s comments were first reported by the Saudi Press Agency on Tuesday and it seems the cryptocurrency is being developed in conjunction with another oil-rich nation – the United Arab Emirates (UAE).

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In fact, the Governor of the Central Bank of the UAE said on Monday that the cryptocurrency ... (read more)