Saudi Arabia and the UAE move closer with plan to launch a digital currency

Author: Eamonn Sheridan | Category: Cryptocurrency

The Saudi Central Bank (SAMA) and Central Bank of the  Unitd Arab Emirates (UAE) have issued a joining report onthe benefits of using a distributing payment system over a centralized payment structure. 

  • and have concluded a joint 1-year central bank digital currency (CBDC) pilot (‘Project Aber’)
Info via Finance Magnates, here is the link for more. A good read, check it out.

The Saudi Central Bank (SAMA) and Central Bank of the  Unitd Arab Emirates (UAE) have issued a joining report onthe benefits of using a distributing payment system over a centralized payment structure. 

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