Saudi’s biggest oil exporter denied claims of involvement in Bitcoin mining activities but continues to bet on blockchain-focused businesses.
Saudi Arabia News
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Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia.
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The joint report is among the most promising CBDC studies conducted by central bank authorities
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The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system.
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The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology.
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Saudi Aramco has joined the already sizeable list of oil companies partnered with Vakt, the provider of a blockchain-based trading settlement platform for North Sea oil.
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Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates for an official visit yesterday to discuss joint policy measures, including a digital currency plan.
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A fintech company based out of Dubai has entered into a strategic partnership with R3, as it develops a Corda-based platform for Islamic securities.
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Saudi Arabia’s Finance Ministry has warned against crypto tricksters using the kingdom’s official emblem to promote tokens that purport to be tied to government projects.
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Skepticism to crypto in Islamic countries is not a pure rejection, but a result of uncertainty, according to an Islamic finance expert.
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A large number of Gulf nations are embracing crypto with open arms as Ethereum explores partnership opportunities...
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Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco.
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The Ripple-powered technology will initially use Indian rupees, but the bank plans to add both more countries and currencies in the future.
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Saudi ATM provider Alhamrani Universal and blockchain firm ShoCard will jointly develop a new type of ATM combining blockchain and biometrics technologies.
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Six commercial UAE and Saudi Arabian banks have joined a digital currency project meant for cross-border interbank transactions.
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