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Saudi Arabia and UAE Join Hands to Conduct CBDC Experiment; Participants Include Six Major Banks

December 1, 2020 by Akash Anand

Cryptocurrency developments across the world have captured the attention of several major institutions, with some governments taking the extra steps to adopt virtual currencies. This rapid growth was personified recently when Saudi Arabia and the United Arab Emirates announced a joint central banked digital currency [CBDC] experiment between the two countries. On Monday, the two […]

Filed Under: World, Fintech Tagged With: CBDC, Fintech, news, saudi arabia, transfer, UAE

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