Saudi Arabia: Announced Common Virtual Currency Project "Aber"
Description
Announced Common Virtual Currency Project "Aber"
On 17 January 2019, the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) announced the launch of common digital currency project "Aber". The project's objective is to integrate blockchains and distributed led…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central bank