Kommunitas

<p>Saudi Arabia central bank reported is set to continue its experimentation efforts into a potential CBDC implementation. Central Bank is also set to review policy, legal and regulatory considerations before moving to the next phase of the CBDC journey - which aligns with the Saudi Vision 2030.The press release noted SAMA H.E. governor Fahad Almubarak stated that “local banks and payment companies will always be the cornerstone of this project and its implementation”. Additionally, the central bank also opened discourse with both local banks and fintechs, as well as other market players and third-party consulting and technology providers.</p><p>#KOMnews #kommunitas #saudiarabia #uae #cbdc #experiment #centralbank #cryptonews #cryptoupdate</p>

Saudi Arabia Central Bank Experimenting with CBDC

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