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Is Saudi Arabia Really Buying Billions in Bitcoin and Ethereum? Here's the Truth

Is Saudi Arabia Really Buying Billions in Bitcoin and Ethereum? Here's the Truth

Rumors are swirling that Saudi Arabia and Qatar have bought nearly 1 million BTC and billions in ETH. But what’s fact and what’s fiction?
Saudi Arabia’s US Treasury holdings hit four-year high

Saudi Arabia’s US Treasury holdings hit four-year high

Saudi Arabia’s investments in US Treasury bonds have soared to their highest point in four years. The Saudi Central Bank (SAMA) now holds $144 bill...
To a BRICS CBDC or not a BRICS CBDC; replacing the petrodollar, that is the question

To a BRICS CBDC or not a BRICS CBDC; replacing the petrodollar, that is the question

The BRICs countries announced in March 2024 that they have plans to develop their own payment system the next three years, with more countries join...
Saudi Arabia Joins China-Led CBDC Initiative to Revamp Oil Trade

Saudi Arabia Joins China-Led CBDC Initiative to Revamp Oil Trade

In a major development, Saudi Arabia has joined mBridge, a central bank digital currency (CBDC) initiative focused on international trade. The Saud...
Binance anticipates Saudi Arabia’s crypto regulation this year

Binance anticipates Saudi Arabia’s crypto regulation this year

The landscape of cryptocurrency in Saudi Arabia is on the brink of a seismic shift, and Binance, the colossus of crypto exchanges, is at the forefr...
Binance Optimistic as Saudi Arabia Eyes Crypto Regulation in 2024

Binance Optimistic as Saudi Arabia Eyes Crypto Regulation in 2024

Amid ongoing deliberations surrounding cryptocurrency regulation in Saudi Arabia, Bandar AlTunisi, Head of Development at Binance in the…
NFT Regulations in the Middle East: Rich Mosaic of Strategies

NFT Regulations in the Middle East: Rich Mosaic of Strategies

The Middle East, characterized by its rich diversity and technological progress, presents a unique landscape for NFT regulations. From the advanced...
Saudi’s SAMA chief raises concerns over cryptocurrencies at G20 meeting

Saudi’s SAMA chief raises concerns over cryptocurrencies at G20 meeting

Marrakech, Morocco – Amidst a global backdrop of economic slowdown and rising inflation rates, Ayman Alsayari, the Governor of the Saudi Central Ba...
Hong Kong And Saudi Arabia Form Dynamic Partnership To Drive Fintech Advancements

Hong Kong And Saudi Arabia Form Dynamic Partnership To Drive Fintech Advancements

Hong Kong Monetary Authority (HKMA) and Saudi Central Bank (SAMA) signed a Memorandum of Understanding (MoU) to strengthen financial collaboration....
Hong Kong, Saudi Arabia Signs MoU To Bolster Financial Services

Hong Kong, Saudi Arabia Signs MoU To Bolster Financial Services

On July 26, the Saudi Central Bank [SAMA] and the Hong Kong Monetary Authority [HKMA] conducted a bilateral…