Saudi Arabia: Adopted Report on Common Virtual Currency Project "Aber"
Description
Adopted Report on Common Virtual Currency Project "Aber"
On 29 November 2020, the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) issued a report on their common digital currency (CBDC) project "Aber". The project's objective was to integrate blockchains and distr…
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