Saudi Arabia and UAE confirm joint cryptocurrency trial

Saudi Arabia and UAE confirm joint cryptocurrency trial
фото показано с : thenextweb.com

2019-1-29 17:23

Saudi Arabia’s and the United Arab Emirates’ (UAB) central banks have teamed up to test a new cryptocurrency. The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE confirmed the news in a joint statement released today.

The proof-of-concept will see the two nations trial Aber, a digital currency, to see whether they can leverage the technology to reduce remittance costs. According to the statement, the project will also explore whether blockchain-based financial settlements between the two nations are viable. It’ll also seek to find out if a blockchain system can serve as an additional reserve for…

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saudi statement whether nations see two central

Источник: thenextweb.com

saudi statement → Результатов: 7


Dubai’s BitOasis Exchange to Work with GCC About Saudi Arabia’s Crypto Ban

The Kingdom of Saudi Arabia offered a statement from the committee dealing with foreign exchange securities banning the use of virtual currencies in the kingdom as a currency. In a turn of events around the neighboring countries, BitOasis a cryptocurrency exchange is working with regulators in Arab states to increase the overall participation in digital […]

2018-8-20 22:02


Фото:

Saudi Arabia Officials Warn that Bitcoin Trading is Illegal

Despite the country’s proactive and seemingly positive approach towards blockchain-based technologies, cryptocurrency trading remains heavily outlawed, officials reiterate. Bitcoin and Other Cryptocurrencies Are Illegal A standing committee, headed by the Capital Market Authority in Saudi Arabia and including representatives of the Ministry of Trade and Investment, the Ministry of Information, and the Saudi Arabian Monetary Agency, issued a formal statement, reaffirming the illegality of trading with Bitcoin and other cryptocurrencies.

2018-8-14 04:00


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