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Mohammed Al-Jadaan

Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases

Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use CasesSaudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be a “fantastic tool” which can be used by developing countries as […]

German watchdog orders Worldcoin to delete non-compliant data

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-DollarizationAfter a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]

German watchdog orders Worldcoin to delete non-compliant data