Saudi Arabia And United Arab Emirates Central Banks Partner for New Aber Crypto Project
- Saudi Arabia And United Arab Emirates Central Banks Partner for New Aber Crypto Project
- The central banks of two large Arabian countries, Saudi Arabia and the United Arab Emirates (UAE), have started a new cryptocurrency trial together.
- According to the Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the United Arab Emirates , this new blockchain initiative is set to help the countries to make financial settlements between them using the blockchain technology .
- Both the central banks have emitted a joint statement in which they talked about the new program that will be trialed.
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