Saudi Arabia: Announced Saudi Central Bank Participation in mBridge Project for CBDCs
Description
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…
Scope
Policy Area
Data governance
Policy Instrument
Cross-border data transfer regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank