Saudi Arabia: Saudi Central Bank Participation in mBridge Project for CBDCs
Progress
Current status
under deliberation
05 Jun 2024 under deliberation
Scope
Implementers
Saudi Arabia
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
supranational
Timeline of events
Announced Saudi Central Bank Participation in mBridge Project for CBDCs
On 5 June 2024, the Saudi Central Bank (SAMA), in collaboration with the Bank for International Settlements and other central banks, announced its participation in the mBridge project. This initiative aims to test the Minimum Viable Product (MVP) fo…
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
central bank