The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
Saudi Arabia News
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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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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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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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The price of soccer fan tokens, designed for fan engagement, is seemingly impacted by the on-field performance of teams.
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In an interview with Cointelegraph, the hereditary prince nuanced his views on Bitcoin adoption in the Middle East and shed light on Bitcoin in Serbia.
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Saudi Arabia is a significant market for digital currencies with the country's favorable regulatory climate, large consumer base and increasing interest in cryptocurrencies, a new KuCoin survey says.
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The BSV Association and SDA will collaborate in providing training and developing resources through the blockchain academy in Riyadh
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The event saw friendly boxing matches between prominent crypto Twitter entrepreneurs, with RookieXBT taking the WBC Crypto Champion belt.
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Saudi’s biggest oil exporter denied claims of involvement in Bitcoin mining activities but continues to bet on blockchain-focused businesses.
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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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