Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy

Central Banks of UAE and Saudi Arabia Say CBDCs are More Efficient and Can Preserve Privacy
фото показано с : btcmanager.com

2020-12-1 02:00

The conclusion of Project Aber and subsequent review by the Central Banks of the Kingdom of Saudi Arabia (Saudi Arabian Monetary Authority) and the United Arab Emirates (CBUAE) shows that Distributed Ledger Technology (DLT) can improve remittance and satisfy privacy demands despite it being technically untenable, a joint report on Nov 28 reveals.

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saudi central privacy banks arabia improve remittance

Источник: btcmanager.com

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G20 (Group of 20) is a worldwide platform for Central Banks and Governments which includes authorities from countries all over the world. G20 membership consists of; Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America and the European Union.

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