Can BlackRocks Saudi Arabia Expansion Drive Bitcoin ETF Adoption in the Middle East?

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BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals

The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country as a member, according to a press report. The talks come as the bank, created as an alternative to similar institutions led by the West, seeks to expand its funding options amid sanctions on one of its [...]

The post BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals appeared first on Crypto Breaking News.

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Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic [...]

The post Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status appeared first on Crypto Breaking News.

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Hong Kong Central Bank Joins Forces With Saudi Arabia Amid UAE’s Crypto Surge

Hong Kong Monetary Authority (HKMA) and Saudi Central Bank (SAMA) Forge Momentous Financial Collaboration with MoU. Following a Successful Partnership with UAE Central Bank, HKMA Aims for Enhanced Financial Services and Innovations The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) convened on July 26 for a bilateral meeting to enhance the […]

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Hong Kong and Saudi Arabia collaborate on tokens and payments

The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.

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Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details. [...]

The post Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration appeared first on Crypto Breaking News.

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Iranian Professor: Saudi Arabia May Join De-Dollarization Shift as US Dollar Is Now ‘Unreliable and Dangerous’

A University of Tehran professor and member of Iran’s Presidential Delegation to China has stressed the importance of de-dollarization for the international community. “The dollar has been used as a weapon by the U.S. against different countries. It is unreliable and it is dangerous,” the professor warned. Iranian Professor Stresses the Importance of De-Dollarization Professor [...]

The post Iranian Professor: Saudi Arabia May Join De-Dollarization Shift as US Dollar Is Now ‘Unreliable and Dangerous’ appeared first on Crypto Breaking News.

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Saudi Arabia partners with The Sandbox for future metaverse plans

In a partnership ceremony at the LEAP 2023 conference in Saudi Arabia, the Sandbox entered into an MOU with the government of Saudi Arabia for future metaverse development.

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SAMA is Ramping Up Its Research into Central bank digital currencies

SAMA is expanding its central bank digital currency study (CBDCs). Saudi Vision 2030 aims to diversify the economy, decrease oil dependency, and improve public services. (Read More)

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Saudi Central Bank still researching CBDC, but no decision on deployment

Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC, but it will continue to research use cases.

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Argentina's fan token drops 31% after losing against Saudi Arabia

Argentina's World Cup opener loss to Saudi Arabia hurt the FA Fan Token. ARG token was $7.21 before kickoff and $4.96 after. "The Saudis," a nonfungible token collection themed after Saudi Arabia, rose 52.6% to 0.3 ETH. Algorand is the first blockchain-based FIFA World Cup sponsor. CHZ has fallen 40% since FTX's insolvency news. (Read More)

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HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East

Through the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group. (Read More)

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Global AI Summit 2022 Kick-Starts Today at Riyadh

SDAIA is anticipating over 10K participants including significant figures in the AI field. The summit will be happening in the

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Saudi Arabia Appoints New Crypto Chief to Advance Its Digital Goals

The Kingdom’s virtual assets programme will be overseen by Mohsen AlZahrani. Riyadh banned banks from conducting cryptocurrency transactions in 2018.

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Survey Finds Majority of Saudis Aware, but Only a Few Invest in Crypto

YouGov's latest survey released on Monday indicates that digital banking has become increasingly popular in Saudi Arabia. According to the survey, nine out of ten respondents (91%) say that they pr...

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Saudi Digital Academy Partners With BSV Association to Establish New Blockchain Academy

The Saudi Arabian Digital Academy has partnered with the Bitcoin Satoshi Vision (BSV) Association to establish a new blockchain academy. (Read More)

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Swiss BSV to establish blockchain academy in the Middle East

The BSV Association and SDA will collaborate in providing training and developing resources through the blockchain academy in Riyadh

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Saudi Arabia Digital Transaction Management Market Report 2021-2030: Adoption of Blockchain Technology for Smart Contracts, Digitization & Demand for Intelligent Content Analytics

The Saudi Arabian digital transaction management market revenue stood at $60.88 million in 2020, and it is predicted to rise to $1,288.27 million by 2030.

Continue reading Saudi Arabia Digital Transaction Management Market Report 2021-2030: Adoption of Blockchain Technology for Smart Contracts, Digitization & Demand for Intelligent Content Analytics at DailyCoin.com.

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Saudi Arabia To Invest $6.4 Billions in Technology Including Blockchain and Metaverse

One billion dollars will be invested in Prosperity7 Ventures. Reduced reliance on oil is a goal for Saudi Arabia in

The post has appeared first on thenewscrypto.com

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Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request

In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a formal invitation to join the BRICS bloc. Speaking to reporters on Monday, AK Abdul Momen, the foreign minister of Bangladesh

The post Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request appeared first on BTC Ethereum Crypto Currency Blog.

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